Small Saving Schemes: Interest rates on various small savings schemes including PPF and NSC will remain unchanged for the fourth quarter starting January 1, 2024.
Small Saving Schemes: Interest rates on various small savings schemes including PPF and NSC will remain unchanged for the fourth quarter starting from January 1, 2024. This information was given in a notification of the Finance Ministry on Tuesday. It said, “The interest rates on various small savings schemes for the fourth quarter of the financial year 2024-25 will remain unchanged from the rates notified for the third quarter of the financial year.
According to the notification, deposits under Sukanya Samriddhi Yojana will get an interest rate of 8.2 percent. The rate on three-year fixed deposits will remain at 7.1 percent being given in the third quarter. The interest rates of Public Provident Fund (PPF) and Post Office Savings Deposit Schemes have also been retained at 7.1 percent and four percent respectively. The interest rate on Kisan Vikas Patra will be 7.5 percent and investments will mature in 115 months.
The interest rate on National Savings Certificate (NSC) will remain at 7.7 percent for the period January-March 2025. Like the third quarter, investments in Monthly Income Scheme will get 7.4 percent interest. There has been no change in interest rates for the last four quarters. The government last changed some schemes for the fourth quarter of the financial year 2023-24. The government notifies interest rates on small savings schemes run by post offices and banks every quarter.
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