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 expanded the hobby fees for Post Office Monthly Income Scheme (POMIS) and Post Office Recurring Deposit schemes.

As in keeping with the respectable notification of the Department of Economic Affairs (DEA), Ministry of Finance, the revised price for the Post Office Monthly Income Scheme account is 7.7% whilst the brand new price for the Post workplace Recurring Deposit Account is 6.2%.

Along with POMIS and RD fees, the Government has additionally expanded the hobby fees 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 price.

The Government revises hobby fees for diverse small financial savings schemes on a quarterly basis. The subsequent revision of the hobby fees will show up with the aid of using June 30, 2023.