Post Office Scheme: The government has stopped paying interest on the small savings scheme National Savings Scheme. Let us know when will we stop paying interest?
Post Office Scheme: This period of inflation has broken everyone’s back. In such a situation, we prepare from today to secure our tomorrow. Similarly, by adopting the small savings scheme of the post office, investors are keeping their future financially secure. There are many people who invest in the National Savings Scheme, on which they also take advantage of the interest facility.
However, according to the new rule of the Central Government, interest under the National Savings Scheme has now stopped. Information about this was already given by the government. At the same time, those who have invested in the NSS scheme have been instructed to withdraw the deposited money. Let us know till which date it is right to withdraw the deposited money.
Government issued new guidelines
Under the new rule of the government, interest on the money invested in the National Savings Scheme has now stopped. The government has instructed the investors to withdraw the deposited money by 30 September 2024. After this, no interest will be paid on the deposited amount.
KYC update required
According to the guidelines issued by the government, it is also necessary for those investing in the National Savings Scheme to update their KYC. If you do not do this, your account may be closed and it may also be difficult for you to withdraw the deposited amount.
Interest stopped after October 1
The government says that investors will no longer be able to avail the benefit of interest under the small savings scheme National Savings Certificate. In such a situation, interest will not be available on the deposit amount in the new account opened after 1 October 2024. Let us tell you that in the period from March 2003 to 30 September 2024, 7.5% per annum interest was being given on the deposit amount, which has now been discontinued. In such a situation, now you can adopt this scheme or if you want, you can look for another investment plan.