The government last changed the interest rates on some schemes for the fourth quarter of 2023-24. The government issues notification of interest rates on small savings schemes every quarter.
If you invest in small savings schemes like Sukanya Samriddhi Yojana and Public Provident Fund (PPF), then this news is for you. The government decided to keep the interest rates on small savings schemes unchanged for the April-June quarter of the financial year 2025-26. This is the fifth consecutive quarter when there has been no change in the interest rate on small savings schemes.
What did the Finance Ministry say
The Finance Ministry said in a notification that the interest rates on different small savings schemes for the quarter starting from April 1, 2025 and ending on June 30, 2025 will remain unchanged from the rates notified for the March quarter of the financial year 2024-25. Let us tell you that the government had last changed the interest rates in some schemes for the fourth quarter of 2023-24. The government issues notification of interest rates on small savings schemes every quarter.
What is the interest rate of which scheme
Deposits under the Sukanya Samriddhi Yojana will fetch an interest rate of 8.2 per cent, while the rate on three-year term deposits will remain at 7.1 per cent in the current quarter. Interest rates on the popular PPF and post office savings deposit schemes have also been retained at 7.1 per cent and four per cent respectively for the next quarter. The interest rate on Kisan Vikas Patra will remain at 7.5 per cent as before and this investment will mature in 115 months. The interest rate on National Savings Certificate (NSC) will remain at 7.7 per cent for the period April-June 2025. The Monthly Income Scheme will earn 7.4 per cent for investors as in the current quarter.
there was a risk of a cut
Let us tell you that the Reserve Bank of India had cut the repo rate by 0.25 percent in the month of February last year. After this cut, the repo rate became 6.25 percent. After the RBI’s decision, there was a fear that the interest rates of small savings schemes would be reduced. However, the government has not made any change for the upcoming quarter.
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