Interest rate on Kisan Vikas Patra has been increased from 7.2 percent to ______ percent.
Answer
Correct Answer : a ) 7.5
Explanation :The government has increased the interest rates for post office savings schemes for the quarter April to June in 2023.
The Department of Economic Affairs, Ministry of Finance has informed that the maximum interest rate has been increased on National Savings Certificate-NSC.
It has increased from 7 percent to 7.7 percent.
Interest rate on Kisan Vikas Patra has been increased from 7.2 percent to 7.5 percent.
The maturity period of Kisan Vikas Patra has been reduced from 120 months to 115 months.
Hence, (a) is the correct answer.
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