Savings Schemes Update: The government announced the interest rate on small savings schemes including PPF and Sukanya Samriddhi...

The government has not made any change in the interest rates on small savings schemes like the Public Provident Fund (PPF), and Sukanya Samriddhi Yojana for the quarter starting from 1 January 2025 (1 January to 31 March 2025). This is the fourth consecutive quarter when the government has decided not to make any change in the interest rates. This information related to the interest rates of small savings schemes has been received from a notification from the Ministry of Finance.

People were feeling that they might get the gift of increased interest rates from the government in the new year, but their expectations were not fulfilled. This means that in the last quarter of the financial year 2024-25, these schemes will get the same interest rates as they were getting in the previous quarter. Let's take a look at the interest rates available on these small savings schemes.

Small Saving Schemes and Interest Rates on them

The interest rate for Sukanya Samriddhi Yojana (SSY) from 1 January to 31 March 2025: 8.2%

Interest rate for Public Provident Fund (PPF) from 1 January to 31 March 2025: 7.1%

The interest rate on Post Office Savings Account from 1 January to 31 March 2025: 4%

Interest rate on Kisan Vikas Patra (KVP) from 1 January to 31 March 2025: 7.5%

Interest rate on National Savings Certificate (NSC) from 1 January to 31 March 2025: 7.7%

Interest rate on Post Office Monthly Income Scheme from 1 January to 31 March 2025: 7.4%

Interest rate on Post Office Savings Deposit from 1 January to 31 March 2025: 4.0%

1-year Post Office Time Deposit Interest rate for 2-year post office time deposit from 1 January to 31 March 2025: 6.9%

Interest rate for 2-year post office time deposit from 1 January to 31 March 2025: 7.0%

The interest rate for a 3-year post office time deposit from 1 January to 31 March 2025: 7.1%

The interest rate for a 5-year post office time deposit from 1 January to 31 March 2025: 7.5%

The interest rate for a 5-year post office recurring deposit from 1 January to 31 March 2025: 6.7%

The interest rate on Senior Citizen Savings Scheme from 1 January to 31 March 2025: 8.2%

Let us tell you that the government announces interest rates on these schemes every quarter. This is the fourth quarter when the government has not made any change in the interest rates on these schemes. These small savings schemes supported by the Government of India give common people an opportunity to save and secure their future.

How are interest rates decided?

The interest rates of these schemes are decided on the basis of the yield of government bonds. To attract investors, the rates of these schemes are kept slightly higher than the government bond yield.

When were the interest rates last changed?

The interest rates were changed in the January-March 2024 quarter last year. That is, since April 2024, the interest rates have not been changed even once. In the January-March 2024 quarter also, only the interest rates of the 3-year Post Office Time Deposit and Sukanya Samriddhi Yojana were changed.

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