RD Account: A good news has come for the investors and now people can also take advantage of it. Both poor and rich people can take advantage of this good news given by the government. Let us know about it…
Modi Government: The people of the country have got a big good news in the festival season. This good news is more important for those people who focus more on investment. In such a situation, people who get RD done are going to benefit.
Actually, even before Diwali, Modi government has made such an announcement related to investment, which is going to benefit both the poor and the rich class. Let us know about it…
Will get more interest
Modi government has increased the interest on five-year post office recurring deposits (RD) for the December quarter. With this, many people will now get increased interest on RD. The government has now increased the interest on five-year recurring deposits (RD) to 6.7 percent. In such a situation, those who get RD done for a long time will get more interest.
Small Savings Schemes
On the other hand, the government has not changed the interest rates on other small savings schemes. These include Senior Citizen Saving Scheme, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Scheme, whose interest rates have not been changed. Actually, interest rates are reviewed by the government every quarter. After which the changes made in these are announced by the government.
This is interest
Now for October-December 2023 quarter, 4 percent on Post Office Savings Account, 6.7 percent on Post Office RD, 7.4 percent on Post Office Monthly Income Scheme, 7.5 percent on Kisan Vikas Patra, 7.1 percent on PPF, 8 percent on Sukanya Samriddhi Yojana. 7.7 percent interest will be given on National Saving Certificate and 8.2 percent interest will be given on Senior Citizen Saving Scheme. In such a situation, people can also invest through these schemes.
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