Govt Schemes New Interest Rates: In Post Office Small Savings Schemes, the benefit has increased from the new year i.e. 2023. The central government has increased the interest rates on many small savings by up to 1.2 percent. Due to this, schemes like National Savings Time Deposit Scheme (TD), Monthly Income Scheme (MIS), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme (SCSS), Recurring Deposit (RD) are more attractive than before. Has happened. Let us know that now in which scheme the maturer is getting more profit as compared to earlier.
Senior Citizens Savings Scheme (SCSS)
New interest rate: 8 percent per annum
Total Investment: Rs 5 Lakh
Maturity Period: 5 years
Value at Maturity: 7,34,664 Lakhs
Interest Benefit: Rs 2,34,664
Old interest rate: 7.6 per cent per annum
Total Investment: Rs 5 Lakh
Maturity Period: 5 years
Value at Maturity: 7,21,160 Lakhs
Interest Benefit: Rs 2,21,160
That is, now the Senior Citizens Savings Scheme will get about Rs 13500 more benefit than before.
National Savings Certificate (NSC)
New interest rate: 7.1 percent per annum
Total Investment: Rs 5 Lakh
Maturity Period: 5 years
Value at maturity: 7,04,559 lakhs
Interest Benefit: Rs 2,04,559
Old interest rate: 6.8 per cent per annum
Total Investment: Rs 5 Lakh
Maturity Period: 5 years
Value at maturity: 6,94,776 lakhs
Interest Benefit: Rs 1,94,776
That is, now the National Savings Certificate Scheme will get about Rs 10,000 more benefit than before.
Time Deposit (TD)
New interest rate: 7 percent per annum
Total Investment: Rs 5 Lakh
Maturity Period: 5 years
Value at maturity: 7,01,276 lakhs
Interest Benefit: Rs 1,01,276
Old interest rate: 6.7 per cent per annum
Total Investment: Rs 5 Lakh
Maturity Period: 5 years
Value at Maturity: 6,91,500 Lakhs
Interest Benefit: Rs 1,91,500
That is, now the time deposit scheme of the post office will get more benefit of about Rs 10,000 than before.
Recurring Deposit (RD)
Interest rate now: 7% per annum
Maturity value at Rs 5000 monthly investment for 5 years: Rs 359667
Total Investment: Rs 3 Lakh
First interest rate: 5.8 per cent per annum
Maturity value at Rs 5000 monthly investment for 5 years: Rs 348480
Total Investment: Rs 3 Lakh
That is, now the recurring deposit scheme of the post office will get more benefit of about Rs 11,000 than before.
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