There may be changes in small saving schemes, this will affect your pocket - Newztezz Online

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Monday, September 25, 2023

There may be changes in small saving schemes, this will affect your pocket

It is known that Small Saving Schemes are those savings schemes which are regulated by the government. People are encouraged to invest in these schemes. There are three types of such small saving schemes. This includes social security schemes, savings deposits and monthly income plans.

The month of September will end after a week. After this, October will begin. But, many financial rules may change before this. Therefore, you will have to complete all your finance related work before time. Similarly, the government reviews the rate of interest on a quarterly basis. In such a situation, it is expected that the government will review the rate of interest for the month of October-December also on September 30. This may also affect small saving schemes.

Actually, people in India invest mostly in small saving schemes. Because people believe that only in this they get guaranteed returns. Especially many small saving schemes are being run by the post office. Kisan Vikas Patra Yojana is a popular scheme among these small saving schemes. This scheme is one of the most successful schemes of the government.

Have invested in Kisan Vikas Patra Scheme

Lakhs of farmers across the country have invested in this scheme. If you have also invested in Kisan Vikas Patra Yojana, then this news is very important for you. Because by the end of September or from next month the government will make a big change in it. In such a situation, you may have to suffer losses along with the benefits. If interest rates increase, you will benefit. If you reduce it, you will have to suffer loss. Therefore, be sure to know about the changes taking place.

Interest rates were changed

According to the information, the Central Government is going to change the interest rates of all small saving schemes. Kisan Patra is also included in this. The government can take a major decision on the new interest rates of this scheme on 29 or 30 September. It is known that the government reviews the interest rates for Small Savings Scheme on a quarterly basis. Earlier on June 30, the government had changed the interest rates of Small Savings Scheme. Then the government had increased the interest rates.

There is no limit to the maximum

If you invest in Kisan Vikas Patra now, you will get 7.5 percent interest rates annually. Under this scheme, you can invest a minimum of Rs 1000, while there is no limit for the maximum.

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