(LiveMint)
The government today kept interest rates unchanged for small savings schemes, including that of popular Public Provident Fund or PPF, for the July-September quarter despite a fall in the interest rate in the overall financial system. Post office savings accounts will continue to fetch 4% interest, while the interest rate on post office deposits between 1 year and five years remain between 5.5% to 6.7%.
The 5-year recurring deposit will fetch 5.8% interest. The interest rate on Senior Citizen Savings Scheme will continue to fetch 7.4% interest while Monthly Income Scheme or MIS will offer 6.6% interest. Public provident fund or PPF will offer 7.1% interest rates while NSC or National Savings Certificate 6.8%. Kisan Vikas Patra will offer 6.9% interest rate and will mature in 124 months. Among the small savings schemes Sukanya Samriddhi Account will fetch the highest interest rate, at 7.6%.
