https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9183359
Ppf ko mazaak bna diya inhone
Revised rates for small savings schemes (Apr '23 Quarter)
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| Instruments | Interest rates (Jan 1-March 31, 2023) | Revised interest rates (Apr 1-June 30, 2023) |
|---|---|---|
| Savings deposit | 4.0% | 4.0% |
| 1 year time deposit | 6.6% | 6.8% |
| 2 year time deposit | 6.8% | 6.9% |
| 3 year time deposit | 6.9% | 7.0% |
| 5 year time deposit | 7.0% | 7.5% |
| 5 year recurring deposit | 5.8% | 6.2% |
| Senior citizen savings scheme | 8.0% | 8.2% |
| Monthly income account scheme | 7.1% | 7.4% |
| National Savings Certificate | 7.0% | 7.7% |
| Public provident fund scheme | 7.1% | 7.1% |
| Kisan Vikas Patra | 7.2 (will mature in 120 months) | 7.5 (will mature in 115 months) |
| Sukanya Smariddhi Account Scheme | 7.6% | 8.0% |
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https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9183523
For the first time in history, PPF rates will be lower than NSC Rates
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9183602
panchabhut wrote:For the first time in history, PPF rates will be lower than NSC Rates
They are trying to shift people from tax saving mode to wealth creation. Modified NTR is the first step in that direction.
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9183621
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Ramta_Jogi wrote:They are trying to shift people from tax saving mode to wealth creation. Modified NTR is the first step in that direction.
PPF is not just tax saving, it is also tax management. Int on PPF is exempted under NTR. Thankfully they have increased rates for SSY
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9183672
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panchabhut wrote:PPF is not just tax saving, it is also tax management. Int on PPF is exempted under NTR. Thankfully they have increased rates for SSY
PPF/ all 80 C was/is a "forced" tax saving and tax management. People should be given freedom to manage their life/money. I'd still use PPF but majority didn't want to/ won't.
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9184393
Isn't PPF @ 8.15% ?
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9184540
Old tax scheme will be scraped so by not increasing ppf rate govt preparing citizens 
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9187575
Have few old Tax Saver FDs at 5.35% interest. Is there a method to break these and make new FDs at 7% ? I can see Partial/Full Closure option for Standard ones but not for Tax Savers 🙁 Anyone who did, please share your experience
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9187588
saucap wrote:Have few old Tax Saver FDs at 5.35% interest. Is there a method to break these and make new FDs at 7% ? I can see Partial/Full Closure option for Standard ones but not for Tax Savers 🙁 Anyone who did, please share your experience
TS fd can't be broken before maturity date
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9188082
saucap wrote:Tax Saver FD ko break karne ke liye aapko pehle Yamraj ko apne praan haran karne dena hoga XDHave few old Tax Saver FDs at 5.35% interest. Is there a method to break these and make new FDs at 7% ? I can see Partial/Full Closure option for Standard ones but not for Tax Savers 🙁 Anyone who did, please share your experience
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9188259
Waiting for FD rates to go up.
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9188783
After two days, this thread is still in Dost and Dimes!
https://www.desidime.com/discussions/revised-rates-for-small-savings-schemes-apr-23-quarter?page=1#post_9193332
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