With regard to Kisan Credit score Card, the federal government has revised each tenure and rates of interest.
New Delhi:
The federal government on Thursday raised charges on some small financial savings schemes by as much as 30 foundation factors (bps) in step with the hardening rate of interest within the economic system.
With the revision, a three-year time deposit with submit workplaces would earn 5.8 per cent from the present 5.5 per cent, a rise of 30 foundation factors for the third quarter of the present monetary 12 months.
Senior Citizen Financial savings scheme will earn 20 foundation factors extra to 7.6 per cent from the present fee of seven.4 per cent throughout the October-December interval, a finance ministry notification mentioned.
With regard to Kisan Credit score Card, the federal government has revised each tenure and rates of interest.
The Reserve Financial institution since Could has raised the benchmark lending fee by 140 foundation factors, prompting banks to lift rates of interest on deposits as properly.
(Aside from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)
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