FD Interest Rates Go Up, But Small Savings Scheme Returns Remain Unchanged. Here’s Why
Top banks such as State Bank of India (SBI), HDFC Bank and Punjab National Bank have raised their interest rates on fixed deposit or FD. That means better return on investment (RoI) for the customer depositing money in a bank FD. Interest rates on government-run small savings schemes, however, remain the same. Interest rates for small savings schemes – such as Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS) – for the quarter ending September 2018 have been kept unchanged. In other words, the return on your investment…
Read More