New Delhi: The finance ministry in a notification stated that the interest rates of small savings schemes remained unchanged for the second quarter of FY25. Small Savings Schemes include the Personal Provident Fund (PPF), Sukanya Samriddhi Account Scheme (SSAS), and National Savings Certificate among others.
The rates have been kept unchanged for the period ranging from July 2024 to September 30, 2024, said the official notification. The interest rates applicable will remain the same as those from April 1, 2024, to June 30, 2024. The finance ministry updates the interest rates in small savings schemes every quarter of the year starting from April 1 which marks the onset of the new financial year.
Scheme
Rate
Savings deposit
4.00%
1 year time deposit
6.90%
2 year time deposit
7.00%
3 year time deposit
7.10%
5 year time deposit
7.50%
5 year RD
6.70%
Senior ctiizen savings scheme
8.20%
Monthly income account scheme
7.40%
National Savings Certificate
7.70%
PPF
7.10%
Kisan Vikas Patra
7.5% (maturing in 115 months)
Sukanya Samriddhi Acciunt
8.20%
Small Savings Scheme Rates: The finance ministry has kept PPF, Sukanya Samriddhi, Senior Citizens Savings Scheme rates unchanged for the second straight quarter of FY25. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
