Small Savings Schemes Interest Rate: The government has not made any change in the interest rates on Public Provident Fund (PPF) and other small savings schemes for the third quarter of the current financial year 2024-25.
Small Savings Schemes Interest Rate: 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. In this way, the government has not changed the 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 Finance Ministry said in a notification, “The interest rates on various small savings schemes for the third quarter of the financial year 2024-25 (from October 1 to December 31, 2024) will remain the same as the rates notified for the second quarter (from July 1 to September 30, 2024).”
How much interest will be available on which small saving scheme
Under Sukanya Samriddhi Yojana, the interest rate on deposits will remain at 8.2 percent as before, while the interest rate on three-year fixed deposits will remain at 7.1 percent. Apart from this, interest rates for 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 as before.
The government notifies interest rates every quarter for these small savings schemes run by post offices and banks.
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