Interest rate on small savings schemes for Apr-Jun quarter hiked

New Delhi [India], April 1 (ANI): The government has raised the rate of interest on various Small Savings Schemes for the first quarter of the financial year 2023-24 starting April 1 (today) by up to 70 basis points (100 basis point is equal to 1 percentage point).

The interest rates on small savings schemes are typically reviewed every quarter by the government.

The formula to arrive at the interest rates for a small sav