Small Savings Scheme Latest Interest Rate: The government’s decision has come on the interest rates of small savings schemes including PPF, Sukanya and NSC. The government has not made any change in the interest rates of small savings schemes including PPF for the third quarter starting October 1. The Department of Economic Affairs of the Finance Ministry issued a circular regarding this on Monday in which it has been 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 there has been no change in interest rates for the last three quarters. The government had last changed some plans for the fourth quarter of the last financial year.
what did the government say
“Interest rates on various small savings schemes for the third quarter of the financial year 2024-25 beginning October 1, 2024 and ending December 31, 2024,” the Finance Ministry said in a press release on September 30, 2024. “Will remain unchanged for the second quarter of 2024-25.” Let us tell you that the government notifies the interest rates every quarter for these small savings schemes operated by post offices and banks.
How much interest on which scheme?
According to the notification, interest on deposits under Sukanya Samriddhi Yojana will be 8.2 percent as before, while the interest rate on three-year fixed deposits will be 7.1 percent.
Apart from this, the 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. Whereas 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 like before.
