Feeling worried about the rise in your home loan rate? The clouds have a silver lining. The rise in the interest rates also mean that small savings rates will get revised upwards. Interest rates on NSC, KVP, post office time deposits, Senior Citizens’ Savings Scheme and PPF are benchmarked to government bond yields of similar maturities. Their interest rates are determined by adding a mark-up to the average government bond yield in the previous quarter.
PFRDA and IRDAI working to streamline issuance of annuitiesRead More