- The Government has raised interest rates on most post office saving schemes for the April-June 2023 quarter.
- The National Savings Certificate (NSC) interest rate has been increased to 7.7%.
- Sukanya Samriddhi interest rate has been increased to 8%.
- PPF and savings deposits interest rates have been retained at 7.1% and 4% respectively.
- Senior citizen savings scheme interest rate increased to 8.2%.
- Kisan Vikas Patra (KVP) interest rate has been increased to 7.5%, and its maturity period reduced from 120 to 115 months.
- One-year term deposit interest rate has been increased to 6.8%.
- Two-year term deposit interest rate has been increased to 6.9%.
- Three-year term deposit interest rate has been increased to 7%.
- Five-year term deposit interest rate has been increased to 7.5%.
- Five-year recurring deposit interest rate increased to 6.2%.
- Interest rates on Monthly Income Scheme have been increased to 7.4%.
- Interest rates for small savings schemes are notified quarterly.
What is the new interest rate for the National Savings Certificate (NSC) for the April-June 2023 quarter?
A) 6.8%
B) 7%
C) 7.7%
D) 8%
Answer: C) 7.7%
