look news india
Interest rate of small savings schemes: The government on Monday announced no change in interest rates on Public Provident Fund (PPF) and other small savings schemes for the third quarter of the current financial year 2024-25. Thus, the government has not made any change in interest rates for three quarters. Last time the rates of some schemes were changed for the fourth quarter of the financial year 2023-24.
There was no change in interest rates
“The interest rates on various small savings schemes for the third quarter (from October 1 to December 31, 2024) of the financial year 2024-25 are the same as those notified for the second quarter (from July 1 to September 30, 2024),” the Finance Ministry said in a notification. The rates will remain the same.
How much interest will be given on which small savings scheme?
The interest rate on deposits under Sukanya Samriddhi Yojana will remain at 8.2 percent as before, while the interest rate on three-year fixed deposits will be 7.1 percent. Apart from this, the interest rates of PPF and Post Office Savings Deposit Scheme will also remain at 7.1 percent and four percent respectively.
The interest rate on Kisan Vikas Patra will be 7.5 percent and this investment will mature in 115 months. At the same time, the interest rate on National Savings Certificate (NSC) will be 7.7 percent. In the October-December quarter also, investors of Post Office Monthly Income Scheme will get interest at the rate of 7.4 percent like before.
The government notifies the interest rates for these small savings schemes operated by post offices and banks every quarter.