In the fourth quarter of 2021-22, the government kept interest rates on small savings plans, such as NSC and PPF, constant.
During the second quarter of the current fiscal, the one-year term deposit programme will earn 5.5 percent interest, while the girl child savings scheme Sukanya Samriddhi Yojana account would earn 7.6 percent.
The five-year senior citizens savings scheme's interest rate will remain at 7.4 percent. The interest on the senior citizens' plan is paid out every three months.
The interest rate on one- to five-year term deposits will be in the range of 5.5-6.7 percent, paid quarterly, while the interest rate on five-year recurring deposits would be at 5.8%.
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