Savings Schemes: The Government's big decision on these small savings schemes including PPF, this is a big update on interest rates..

The government has decided not to change the interest rates on small savings schemes for the January-March 2025 quarter. This will be the fourth consecutive quarter when there has been no change in interest rates. This information has been received from a notification from the Finance Ministry. It was believed that people would get a gift in the new year but it has not happened. In the last quarter of the financial year 2024-25, the same interest rates will continue on these schemes as before. Let us take a look at these interest rates one by one.

Sukanya Samriddhi Yojana: 8.2%

Public Provident Fund (PPF): 7.1%

Interest rate on post office savings account: 4%

Interest rate on Kisan Vikas Patra (KVP): 7.5%

Interest rate on National Savings Certificate (NSC): 7.7%

The interest rate on Monthly Income Scheme: 7.4%

Savings Deposit: 4.0%

1 Year Time Deposit: 6.9%

2 Year Time Deposit: 7.0%

3 Year Time Deposit: 7.1%

5 Year Time Deposit: 7.5%

5 Year Recurring Deposit: 6.7%

Senior Citizen Savings Scheme: 8.2%

This will be the fourth quarter when there will be no change in interest rates.

The government announces interest rates on these schemes every quarter. This will be the fourth quarter when there will be no change in interest rates. Small savings schemes are backed by the Government of India. They are guaranteed by the government. These schemes provide an opportunity for the common people to save and secure their future. The interest rates of these schemes are decided based on the yield of government bonds. These rates are kept slightly higher than the government bond yield. This is so that such schemes remain attractive to investors.

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