March 18, 2020 5:38 pm
Bankers have been complaining that high rates on small savings schemes prohibit them from cutting deposit rates. Currently, there is a difference of nearly 100 basis points between deposit rate of banks and small savings rate for one-year maturity.
June 28, 2019 10:14 pm
The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark policy rate thrice during the year.
July 01, 2017 5:27 pm
The Kisan Vikas Patra would drop down by 0.1 per cent and will now fetch an interest rate of 7.5 per cent. Another change made to the scheme is the increase in the duration of maturity which will now be 115 months as against 113 months.
January 14, 2016 2:07 am
Proposed cut in interest rate restricted to schemes of under five years for now.
November 24, 2014 12:05 am
Widely popular in the 90s, THE SCHEME CAN be used as security and be pledged for availing loans.
September 11, 2014 1:30 am
The New KVP is expected to have relaxed know-your-customer norms but will continue with its earlier tax treatment.
March 26, 2013 12:55 am
* Rates still higher than return offered by Employees Provident Fund
March 22, 2012 1:16 am
Deposits to the PPF are expected to earn an interest of near 9% as against prevailing rate of 8.6%.
November 12, 2011 1:32 am
Move is well timed,given that most people start their tax-planning in last quarter of financial year.