Govt revises interest rates for small saving schemes for 3rd quarter of this fiscal starting from 1st October

The government yesterday revised the interest rates for small saving schemes for the third quarter of this fiscal starting from 1st of October. According to the Finance Ministry, the five year recurring deposit will now fetch  6.7 percent interest rate against the existing 6.5



percent rate. 

However, there is no change in the interest rates for all other small savings schemes and they will continue to offer the same rate of interest as they did in July to September period.