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National Savings Certificate News

Post office fixed deposit

21 Sep 2022

Post Office Fixed Deposit: Earn interest rates more than banks, Check details

Post office fixed deposit is safe and profitable. Customers can open post office FDs in different tenors 1,2,3,& 5 years. 5.50 % interest is available on FD of 7 days to one year.

post office scheme

01 Sep 2022

Post office plan with 6.8% return: Invest in this THIS risk free income scheme

Post office's National savings certificate is risk free saving scheme with five-years lock in period. The minimum amount is Rs 1000 to begin the saving certificate scheme and offers 6.8% interest rate. Tax exemption up to Rs 1.5 lakhs is available under section 80C of Income tax in NSC scheme.

Public Provident Fund

30 Jun 2022

Centre takes decision on interest rates of small savings schemes for Q3 2022

PPF and NSC will continue to have an annual interest rate of 7.1 per cent and 6.8 per cent, respectively. Interest rates for small savings schemes are notified on a quarterly basis.

02 Apr 2021

West Bengal contributes Rs 90,000 cr to small savings schemes like PPF, NSC

It is followed by Uttar Pradesh, the largest state in terms of population, with a gross collection of Rs 69,660.70 crore out of the Rs 5.96 lakh crore garnered during 2017-18. The ministry's office memorandum to roll back cut in rates on small savings schemes came hours after the finance minister termed Wednesday's notification as an "oversight". As per the National Savings Institute data, West Bengal has been the leader in collections for the small savings schemes and the collection hovered around 12-15 percent in the last few years.

Interest on PPF deposits

31 Mar 2020

COVID-19 outbreak: Interest rates on PPF, NSC, SCSS, other PO Schemes slashed

The Department of Economic Affairs, Ministry of Finance, on Tuesday (March 31) announced an interest rate cuts on small savings schemes for the first quarter (April to June) of Financial Year 2020-21.

30 Oct 2017

PPF closes, NSC gets encashed if holder status changes to NRI

With regard to NSC, a separate notification said it is deemed to be encashed on the day the holder becomes an NRI.

Kisan Vikas Patra

03 Apr 2016

Kisan Vikas Patra and National Savings Certificate to be issued in electronic form, paper certificates to discontinue

In the latest, Kisan Vikas Patra and National Savings Certificate will be issued in electronic form from now onwards as government has decided to discontinue the system of pre-printed paper certificates

16 Feb 2016

Interest on PPF, NSC left unchanged; cut by 0.25% on Kisan Vikas Patra, 5-year RD

Government on Tuesday cut interest rates on small savings of 1, 2, 3 year term deposits; Kisan Vikas Patra and 5-year Recurring Deposit by 0.25 percent.

Bank interest rate

14 Jan 2016

Bank FDs to fetch poor interest; PPF, NSC rates set to fall

Interest rate on various small savings like PPF, NSC and Post Office savings are set to fall as the government is contemplating reduction in rates.

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