savings

NEW DELHI: The interest rate for small savings schemes for the quarter from January 1 to March 31 has been increased. Senior Citizen Savings Scheme 8%, Kisan Vikas Patra 7.2% (maturity period 120 months), Post Office One Year Term Deposit 6.6%, 2 Year Term Deposit 6.8%, Three Year Term Deposit 6.9%, 5 Year Term Deposit 7%, Monthly Income Scheme is 7.1% and National Savings Certificate is 7%. PPF will continue to carry an interest rate of 7.1% per annum.