Interest rates for Small Savings Schemes - October 2019

Interest rates for Small Savings Schemes - October 2019


The Small Savings Scheme interest rate for Banks and Postal have been announced. While Interest rates for Small savings Schemes are low, still the interest rates for Provident Fund, Sukanya Samriddhi and Senior Citizen Savings were good in the face of Low Inflation.


There is no change in the interest rate for the Period between October and December 2019. However in the current economic situation, the interest rate for small savings scheme seems Reasonable. The said rates for the July - September 2019 is to be followed in the current Quarter (October to December 2019) also.


Generally, when the interest rate decreases, the Bond yield will increase. Similarly, if the interest rate increases, then the bond yield will decrease. In the Current Scenario, the Bank Repo rate seems low and Rate cut is also happening. One can use the Debt Funds through Mutual Funds in this Situation.


The interest rate for small savings scheme has been slightly favorable, as the bank FD rates are fallen. For a 5 Years Term Deposit scheme, the interest rate is 7.70 Percent and for Senior Citizen Savings Scheme is 8.60 Percent.


The Interest rate for National Savings Certificate (NSC) is said to be 7.90 Percent. For the Public Provident Fund (PPF), the rate is 7.90 Percent. PPF is also a good investment choice and those who do not have a PF account can take advantage by this PPF. Public Provident Fund is also comes with EEE (Exempted) benefit. 


Small Savings Scheme October 2019


The Sukanya Samriddhi Scheme for a girl child comes with an interest rate of 8.40 Percent and Kisan Vikas Patra (KVP) stands with 7.60 Percent interest rate. Those who are looking for a short term investment through Small Savings scheme, like One year Term Deposit - it comes with 6.90 Percent.


Kindly share your views / comments with a smile :)


www.richinvestingideas.com


 





Comments

Post a Comment

Popular posts from this blog

What's your Earning - A Personal Cash Flow Meter

Image
What's your Earning  - A Personal Cash Flow Meter Earning money, isn't an easy one ? Absolutely, Earning money is an easy one, but it's hard to keep (grow) it. I mean that the Jobs and Earning money are easy on these techie days. Somebody have the value on their Dignity, Prosper and many of us have, earning more (Money) is a big value. Still, few one can make easy and more of them think that, it's hard to earn. Everyone of us, feeling that the rich one have more money and other's can't. But is it a right away to tell ? Not always, many of us hurting their health to make wealth (Money). Even Apple's Steve Jobs had earned a lot and respect too, but the health was not support for him. I am not telling you that, you have to earn more to be Rich (or) Financially Independent . The think is, how you utilize the earnings and to grow, while you have a little money or No job. What you have Earned ? As an individual, he earns  ₹  1,00,000 /- salary per month and spend...
Read more

Infosys reported a net profit of Rs.5,945 Crore in Q1FY24 - Quarterly Results

Image
 Infosys reported a net profit of Rs.5,945 Crore in Q1FY24 - Quarterly Results   Infosys Limited - India's second largest IT Company after TCS, recently reported it's first quarterly results for the Financial year 2023-24. In the said April - June quarter, the company's revenue was Rs.37,933 Crore and the expenditure is said to be Rs.28,869 Crore as well. The Operating Profit were stood at Rs.9,064 Crore and the Operating Profit Margin(OPM) of 24 Percent in the First quarter of FY2024. It is noteworthy that the average of Quarterly OPM's are above 24 Percent for Infosys Limited. As other income, the company earned Rs.561 Crore in the June Q1 results.   Profit Before Tax(PBT) were stood at Rs.8,362 Crore and the bottom line which was the Net Profit is said to be Rs.5,945 Crore. As compared to the previous year's June quarter 2022-23, the current revenue has grown by 10 Percent and the Net Profit has also grown by 11 Percent. In the Past, the EPS was stood at Rs.12.74...
Read more

10 Years of TATA Motors Ltd - Financial Statement - Fundamental Insights

Image
10 Years of TATA Motors Ltd - Financial Statement - Fundamental Insights   Tata Motors Limited is a leading global automobile manufacturer and India's second largest company in Automotive segment next to Maruti Suzuki. It is the part of Tata Group, an Indian multi-national conglomerate which provides its products and services on Buses, Cars, Defense Vehicles, Sports utility vehicles, Trucks and other related automotive in it's segment. It is noteworthy that Tata Motors bought the famous and iconic brands Jaguar and Land Rover in the year 2008, from the Ford Company. Tata Motors is the leading player in the Commercial vehicle segment with a market share of around 45 Percent as per the FY2022. It is also said to be a Market leader in the EV segment with a market share of around 87 Percent in the year FY22 in India. The company's last dividend was declared in the year 2016 for the Financial year 2015-16 with an amount of Rs. 0.20 per Share. Tata Motors Ltd is trading in the In...
Read more