Will PPF, Sukanya Samriddhi, Senior Citizen Savings Scheme, other small savings schemes' interest rates increase in December quarter?
The Central Government reviews the interest rates of small savings schemes every quarter based on the G-Secs yields of the previous three months. To know whether there will be a hike in post office schemes for the October-December quarter, you need to understand how the interest rates are calculated first. There are set formulae for mark-ups over the previous three months’ average yield of relevant G-Secs of comparable maturity. Find out what experts suggest. from Personal Finance News-Wealth-Economic Times https://ift.tt/Z5m3I6J via IFTTT