Govt hikes interest rate to 6.7 pc on five-year recurring deposit, retains rate on other small savings schemes
New Delhi, Sep 29 (PTI) The government on Friday raised the interest rate on five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter and retained the rates for all other small savings schemes.
According to a finance ministry circular, the interest rate on savings deposit has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent.
The rates were the same during the September quarter.
