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Banks, Post Office Schemes Offering Highest Interest Rates in April 2022

Banks, Post Office Schemes Offering Highest Interest Rates in April 2022

Here are Investment Schemes as offered by Banks, Post Offices and Government Schemes with Highest Interest Rate Offering in April 2022


 

Highest Interest Rates on Investments

Starting April 2022 - you can earn higher Interest Rates on Invesments with Special Schemes run by

  • Post Offices
  • Government Schemes
  • Banks
  • RBI Bonds
Investment Scheme Interest Rates in April 2022 Maximum Limit
Post Office    
Sukanya Samriddhi Scheme 7.60% Maximum Rs 1.5 Lakh per Year, Maturity at 21 yr age. (Only Girl child under 10 yr)
Senior Citizen Savings Scheme 7.40% Maximum Rs 15 Lakh per Year, Maturity at 5 yr
PPF 7.10% Maximum Rs 1.5 Lakh per Year, 15 yr Maturity
     
Other Investment Schemes of Government    
Kisan Vikas Patra 6.90% No Limit Capping, Maturity in 10 yr 4 month
NSC 6.80% No Limit Capping, Maturity in 5 yr
Post Office Monthly Income 6.60% Maximum Rs 4.5 Lakh (Single) / Rs 9 Lakh (yearly). 5 yr Plan
     
Bank Schemes on Deposit    
Ujjivan Small Finance Bank 7% Saving Account Balance over 1 Lakh to Maximum 25 Lakh. Over 500 Branches
Equitas Small Finance Bank 7% Saving Account Balance over 5 Lakh to Maximum 2 Crore. Over 850 Branches
AU Small Finance Bank 7% Saving Account Balance over 25 Lakh to 1 Crore. Over 800 Branches
     
RBI Scheme    
RBI Floating Rate Bonds 7.15% 7 yrs with Premature Withdrawl allowed for Senior Citizen basis age Bracket. However Rates are Variable and announced b-annually.

Well all above Schemes comes with Peace of Mind as your money is absolute safe been none of the amount is invested in equities and can have peace of mind

 

Bank FD Rates

Do note that most of the leading Private Banks like

  • ICICI Bank
  • HDFC Bank
  • Axis Bank

are too offering PPF, Senior Citizen Saving Scheme, however if you ask for Interest rates on Saving Accounts and Fixed Deposits - these are relatively lower as against what offered by Small Finance Banks and against RBI Floating Rate Bonds.

Like as checked for ICICI Bank - Interest Rates on Fixed Depost is 6.35% for Senior Citizens for making FD over 5 yr 1 Month to 10 yr and 5.6% for General Category.

But if you consider in investment schemes like RBI Floating Rate Bonds, PPF, KVP, Sukanya Samriddhi Scheme - can earn much higher rates.

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Saturday, 22 June 2024

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