NEW DELHI: The central government on Friday raised interest rates on 5-year recurring deposit to 6.7% for the December quarter.
The rates for other small savings schemes will remain the same.
The effective hike in the five-year RD is 20 basis points.
The rates for other small savings schemes will remain the same.
The effective hike in the five-year RD is 20 basis points.
Earlier, in June, the government had hiked interest rates on select small saving schemes by up to 0.3% for the July-September quarter.
Notbaly, the highest increase of 0.3 per cent was for the five-year recurring deposit (RD).