Small Savings Schemes: The government has decided to keep interest rates unchanged on small savings schemes like PPF, NSC during the January-March quarter. This information was given by issuing a notification. Let us know about this in detail.
The government has kept interest rates on various small savings schemes, including PPF and NSC, unchanged for the fourth consecutive time for the quarter beginning January 1, 2024.
A notification issued by the Finance Ministry on Tuesday said, “The interest rates on various small savings schemes for the fourth quarter of the financial year 2024-25, starting from January 1, 2025 and ending on March 31, 2025, will remain unchanged from the rates notified for the third quarter of the financial year 2024-25 (October 1, 2024 to December 31, 2024).” According to the notification, deposits under Sukanya Samriddhi Yojana will get an interest rate of 8.2 percent, while the interest rate on three-year term deposits will remain at 7.1 percent.
The interest rates on the most popular 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 per cent and the investment will mature in 115 months. The interest rate on National Savings Certificate (NSC) will remain at 7.7 per cent for the period January-March 2025. Like the current quarter, the Monthly Income Scheme will pay 7.4 per cent interest to investors.
There has been no change in interest rates for the last four quarters. The government last made changes to some schemes in the fourth quarter of the last financial year. The government issues a notification of interest rates on small savings schemes operated by post offices and banks every quarter.
