The interest rates on post office term deposits, NSC (National Savings Certificate) and senior citizen savings scheme has been raised by up to 1.1 percentage points with effect from January 1.
However, the interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi remain unchanged.
From January 1, the National Savings Certificate (NSC) will yield a 7 percent interest rate compared to the existing 6.8 percent.
The senior citizen savings scheme will have 8 percent interest against 7.6 percent currently.
Post office term deposit schemes will yield interest rate 1.1 percentage points higher while the monthly income scheme will yield 7.1 percent interest, up from 6.7 percent.