Finance

Government keeps interest rates unchanged for SSY schemes for Jan-March quarter

The government’s decision has come on the interest rates of small savings schemes including PPF, Sukanya Samriddhi Yojana and NSC. The government has not made any change in the interest rates of small savings schemes including PPF for the fourth quarter starting from January 1, 2025.

A notification issued by the Finance Ministry on Tuesday said, “The interest rates on different small savings schemes for the fourth quarter of the financial year 2024-25, which will start from January 1, 2025 and end 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).”

  • Sukanya Samriddhi Yojana — 8.2 percent
  • Three-year term deposit — 7.1 percent
  • Public Provident Fund (PPF) — 7.1 percent
  • Post Office Savings Deposit Schemes — 4 percent
  • Kisan Vikas Patra — 7.5 percent
  • National Savings Certificate (NSC) — 7.7 percent
  • Monthly Income Scheme — 7.4 percent
  • Senior Citizen Savings Scheme — 8.2 percent

Government runs 11 small savings schemes

The central government runs 11 main small savings schemes like Kisan Vikas Patra, PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Yojana, Post Office Savings Account and National Savings Monthly Income Scheme. In these schemes, money can be deposited in small savings for different periods. The government also gives tax exemption on investing money in some schemes.

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button