Govt increases interest rate on various small savings schemes for 4th quarter of FY 2022-23 from Jan 1

Government has increased interest rate on various small savings schemes for the fourth quarter of the current Financial Year starting from 1st January, 2023. The interest rate of five year National Saving Certificate has been increased to 7 per cent from 6.8 per cent. Finance Ministry said, the interest rate on senior citizen saving scheme increased to 8 per cent from 7.6 per cent. The Monthly Income Account Saving has also been increased to 7.1 per cent from 6.7 per cent. The interest rate on K...