RICH INVESTING iDEAS

 Small Savings Scheme interest rates for the period - October to December 2021 Interest Rates on Small Savings Scheme were announced recently for the period between October - December, which is the third quarter of the current fiscal year 2021-22. The rates are subject to change on a quarterly basis.  According to the data released by the Ministry of Finance, the interest rates are unchanged from the current rates which is said in the July to September 2021 quarter. So, there is no change in the rates for the period of October - December 2021. Most of the Savings plan were available in Banking and Postal Offices are coming under the Small Savings Scheme, Ministry of Finance. For the Term deposit of one year, two year and three years the interest rates are said to be 5.5 Percent. However it is 6.7 Percent for the 5 years Term Deposit savings plan. The 5 years Senior Citizen Savings Scheme(SCSS) comes with 7.4 Percent and 5 years monthly income scheme which provides 6.6 Percent ...

 Small Savings Scheme interest rates for the period - July to September 2021  Small Savings interest rates for the Q2FY22(July to September) have been announced recently. It is noteworthy that the interest rates for Small Savings Scheme would be announced by every quarter. According to the recent report, the interest rates will remain same as last time(April to June 2021).  Generally Savings Account Deposit, Recurring Deposit, Term Deposits, Monthly Income Scheme(MIS), NSC, Kisan Vikas Patra, Public Provident Fund(PPF) are coming under the Small Savings Scheme. Small Savings Schemes are available in Post Offices and Banks across India. Senior Citizens Savings Scheme(SCSS), Sukanya Samriddhi for the Girl Child were also included in the Small Savings Category. It is noteworthy that the interest rates on small savings has been declining over the past few years. This lead and attracts to invest in Low risk product mutual funds like Liquid Funds and Debt Funds(Low to Moderate)...

Interest rates for Small Savings - October 2020 With the increasing investment in Mutual Funds, Stocks and Bonds, the value of Small Savings in India has not diminished even today. Postal and Bank Small Savings Schemes are a boon for the Middle and Poor class families. The interest rates on Small Savings schemes are subject to change in every quarter. Generally, the rates for Senior Citizen Savings Scheme and Sukanya Samriddhi account are higher than other Schemes. At the beginning of the current fiscal 2020-21, the interest rates on Small Savings plans were drastically reduced. The Government had on September 30, 2020 released its interest rates for the Small Savings Scheme for the Period October - December 2020 quarter. It is also said that the interest rate for the July-September quarter will remain unchanged. The Interest rate for the Savings account under Small Savings Scheme will be 4 Percent. For the One year, Two years and Three years Term Deposit, the rate will remain at 5.5 P...