Interest rate on small savings schemes will remain the same in October-December quarter
New Delhi (Uttam Hindu News): There has been no change in the interest rates of small savings schemes like Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) from the Central Government for the period October to December. After this decision of the government, the interest rates available on small savings schemes during the period from July to September will continue.
In the notification issued by the Finance Ministry, it was said that there has been no change in the interest rates on all small savings schemes for the period from the third quarter of the financial year 2024-25 i.e. October 1, 2024 to December 31, 2024. . During this period, only the interest rates notified for the second quarter of the financial year 2024-25 (July 1, 2024 to September 30, 2024) will remain applicable.
Small savings schemes include Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposit (POTD), Mahila Samman Savings Certificate (MSSC), Kisan Vikas. Letters (KVP) and Post Office Monthly Income Scheme (POMIS) are included.
Among small savings schemes, the highest interest of 8.2 percent is available on Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme. After this, 7.7 percent interest is available on National Savings Certificate, 7.5 percent interest on Kisan Vikas Patra and Mahila Samman Savings Certificate, 7.4 percent interest on Monthly Income Scheme and 7.1 percent interest on Public Provident Fund.
In post office, 4 percent on savings account, 6.9 percent on one year term deposit, 7 percent on two year term deposit, 7.1 percent on three year term deposit, 7.5 percent on five year term deposit and five year RD. 6.7 percent interest is being received.
