Government hikes interest rates on small saving schemes- Namaste English

The government on Thursday announced new interest rates on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF). The interest rates for small savings schemes were hiked by up to 0.4 per cent for the October-December quarter, the Ministry of Finance said in a statement. The revised rates would be applicable from October 1, 2018 to December 31, 2018, the government said. At present, interest rates on small savings schemes - which include Kisan Vikas Patra (KVP) and Sukanya Samriddhi - are revised on a quarterly basis.

सरकार ने गुरुवार को राष्ट्रीय बचत प्रमाणपत्र (एनएससी) और लोक भविष्य निधि (पीपीएफ) सहित छोटी बचत योजनाओं पर नई ब्याज दरों की घोषणा की। वित्त मंत्रालय ने एक बयान में कहा कि अक्टूबर-दिसंबर तिमाही के लिए छोटी बचत योजनाओं के लिए ब्याज दरें 0.4 प्रतिशत तक बढ़ा दी गई है। संशोधित दरें 1 अक्टूबर, 2018 से 31 दिसंबर, 2018 तक लागू होंगी, सरकार ने कहा। वर्तमान में, छोटी बचत योजनाओं पर ब्याज दरें - जिसमें किसान विकास पत्र (केवीपी) और सुकन्या समृद्धि शामिल हैं - को त्रैमासिक आधार पर संशोधित किया जाता है।

Key Learnings

Verb : announced //अनाउन्स्ट// [घोषणा करना]

Definition: make a formal public statement about a fact, occurrence, or intention
Synonyms: declare, disclose, issue, publish, release
Antonym: conceal, hide, hold, keep
Verb : hiked //हाइक (hike)// [बढ़ाना]

Definition: to increase the cost of something
Synonyms: boost, jump, lift, upgrade
Antonym: decrease, lower, reduce
Noun : quarter //कॉर्टर// [तिमाही]

Definition: one of four equal or almost equal parts of something (here months)
Synonyms: fourth, one-fourth, quadrant, quartern
Antonym: whole
Verb : revised //रीवाइज़्ड// [संशोधित]

Definition: reconsider and alter (something) in the light of further evidence
Synonyms: adjusted, amended, improved, updated, changed
Antonym: unaltered, unamended, unchanged, kept

Government hikes interest rates on small saving schemes

Key Learnings

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