Small Savings Schemes: Big update from the government on the interest rates of small savings schemes, notification issued
New Delhi| The government has kept the interest rates on various small savings schemes, including PPF and NSC, unchanged for the fourth consecutive time for the quarter starting January 1, 2024.
“The interest rates on various small savings schemes for the fourth quarter of FY 2024-25, starting January 1, 2025 and ending March 31, 2025, will remain unchanged from the rates notified for the third quarter of FY 2024-25 (October 1, 2024 to December 31, 2024)”, a notification issued by the Finance Ministry on Tuesday said According to the notification, under Sukanya Samriddhi Yojana, an interest rate of 8.2 percent will be available on deposits, while the interest rate on three-year fixed deposits will remain at 7.1 percent.
The interest rates of the most prevalent public provident fund (PPF) and post office savings deposit schemes have also been retained at 7.1 per cent and 4 per cent respectively.
The interest rate on Kisan Vikas Patra will be 7.5 percent and the investment will mature in 115 months. The interest rate on National Savings Certificate (NSC) will be 7.7 percent for the period January-March 2025. As in the current quarter, the monthly earnings plan will give investors 7.4 percent interest.
There has been no change in interest rates for the last four quarters. The government had last made changes in some schemes in the fourth quarter of the last financial year. The government issues notification of interest rates on small savings schemes run by post offices and banks every quarter.
