Interest rates on eight small savings schemes raised from January 1, PPF rate unchanged
The Hindu
Five-year time deposits will now earn 7% instead of 6.7% in the current quarter
The government has raised interest rates on eight of the 12 small savings schemes by 0.2% to 1.1% for the January to March 2023 quarter, but left the returns on Public Provident Fund (PPF) unchanged at 7.1%.
The Sukanya Samriddhi Account scheme’s returns were retained at the prevailing 7.6%, while the return on Kisan Vikas Patra (KVP) and the National Savings Certificates were raised by just 0.2% each, to 7.2% and 7%, respectively.
Time deposits for one, two and three years, were granted the sharpest 110 bps increase in returns — lifting their returns to 6.6%, 6.8% and 6.9%, respectively. Five-year time deposits will now earn 7% instead of 6.7% in the current quarter.
Returns on the Senior Citizen Savings Scheme and the Monthly Income Account Scheme have been raised by 40 bps each, taking them to 8% and 7.1%, respectively.
Interest rates on post-office term deposit schemes of duration 1 to 5 years will rise by up to 1.1% points.
(With inputs from PTI)
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.
Suzlon announces three new AI-enabled smart blade factories, expanding its manufacturing footprint to 20 facilities in India.
Odisha Government terminates Silicon Tech Lab's empanelment for involvement in a recruitment scam and service agreement violations.
Worli, Mumbai, dominates India’s ultra-luxury apartment market, accounting for 40% of transactions worth ₹5,500 crore in two years.
IndiGo faces disruptions due to a hiring freeze, prompting pilots' body to urge regulatory intervention for safe operations.
Nvidia CEO Jensen Huang met separately with U.S. President Donald Trump and Republican senators Wednesday
Rupee falls to 90.43 against the dollar amid RBI's restrained intervention and high importer demand, causing market concerns.
Meta’s poaching of Apple's Alan Dye underscores its push to expand consumer hardware beyond its smart glasses