The Government has Increased Interest Rates

W.E.F 01-Apr-14, the government has increased interest rates on a range of popular post-office saving schemes in an apparent move to make small savings more rewarding for millions.

Click here to download Post Office SB Order/Notification

The rate of return on fixed deposits for one and two years has been increased to 8.4% from the present 8.2%. Similarly, fixed deposits of three and five years have been raised by 0.1 percentage point to 8.4% and 8.5%, respectively.

Wednesday, December 10, 2014