Post Office Monthly Income Scheme (POMIS), Recurring Deposit Interest Rates Increased for April-June Quarter

Post Office Monthly Income Scheme, Recurring Deposit Interest Rates (April-June 2023): The Government has accelerated the hobby prices for Post Office Monthly Income Scheme (POMIS) and Post Office Recurring Deposit schemes.

As in step with the legit notification of the Department of Economic Affairs (DEA), Ministry of Finance, the revised charge for the Post Office Monthly Income Scheme account is 7.7% even as the brand new charge for the Post workplace Recurring Deposit Account is 6.2%.

Along with POMIS and RD prices, the Government has additionally accelerated the hobby prices of a few different small financial savings schemes like Senior Citizens Savings Scheme (SCSS), Sukanya Samriddhi Yojana, Kisan Vikas Patra and Post Office Fixed Deposits. There isn't anyt any alternate in Public Provident Fund (PPF) hobby charge.

The Government revises hobby prices for numerous small financial savings schemes on a quarterly basis. The subsequent revision of the hobby prices will occur through June 30, 2023.