Small Savings Scheme Latest Interest Rate: The government has not made any change in the interest rates of small savings schemes including PPF for the third quarter starting from October 1.
The government’s decision on the interest rates of small savings schemes including PPF, Sukanya and NSC has come. The government has not made any change in the interest rates of small savings schemes including PPF for the third quarter starting from October 1.
The Department of Economic Affairs of the Finance Ministry issued a circular on Monday in this regard, which said that like the second quarter, the interest rates on small savings schemes will remain the same in the third quarter as well. Let us tell you that no change has been made in the interest rates for the last three quarters. The government last made changes in some schemes for the fourth quarter of the last financial year.
What did the government say
The Ministry of Finance said in a press release on September 30, 2024, “The interest rates on various small savings schemes for the third quarter of the financial year 2024-25, starting from October 1, 2024 and ending on December 31, 2024, will remain unchanged for the second quarter of the financial year 2024-25.” Let us tell you that the government notifies the interest rates every quarter for these small savings schemes run by post offices and banks.
How much interest on which scheme-
According to the notification, interest on deposits under Sukanya Samriddhi Yojana will continue to be 8.2 per cent as before while the interest rate on three-year fixed deposits will remain at 7.1 per cent.
Apart from this, interest rates for PPF and Post Office Savings Deposit Scheme will also remain at 7.1 percent and 4 percent respectively.
The interest rate on Kisan Vikas Patra will be 7.5 percent and this investment will mature in 115 months. Whereas the interest rate on National Savings Certificate (NSC) will be 7.7 percent.
In the October-December quarter also, the investors of Post Office Monthly Income Scheme will get interest at the rate of 7.4 percent as before.
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