Hiked-up interest rates on various small savings schemes for Q4 of current Financial Year come into effect

The hiked-up interest rates on various small savings schemes for the fourth quarter of the current Financial Year come into effect today. 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 the 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 Kisan Vikas Patra...