The government has kept unchanged the interest rates on small savings schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi for October-December quarter. Sukanya Samriddhi Account can be opened up to the age of.....years only from the date of birth.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The government has kept unchanged the interest rates on small savings schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi for October-December quarter. Sukanya Samriddhi Account can be opened up to the age of____years only from the date of birth.

A	5 years
B	10 years
C	15 years
D	20 years

Explanation:

Detailed explanation-1: -Consequently, the interest rates of the popular PPF and Sukanya Samriddhi Yojana will continue to be at 7.1 percent and 7.6 percent, respectively, in the January-March quarter of this fiscal.

Detailed explanation-2: -Returns on the Public Provident Fund (PPF) and the Sukanya Samriddhi Account scheme were left unchanged at 7.1 per cent and 7.6 per cent, respectively. The interest rates offered by top small savings schemes are: Public Provident Fund (PPF): The current interest rate on PPF deposits is 7.1%.

Detailed explanation-3: -Government has increased interest rates on various small savings schemes for the fourth quarter of the current Financial Year starting from 1st January 2023. The interest rate of five year National Saving Certificate has been increased to 7 per cent from 6.8 per cent.

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