Centre shares Jan quarter interest rates for PPF, Sukanya Samriddhi and other schemes

New Delhi: The Centre on Tuesday shared Small Savings Scheme interest rates for the January 2025 quarter. From PPF to Sukanya Samriddhi Account Scheme, interest rates for these small schemes that are subscribed by members of the public were kept unchanged for the upcoming quarter. The Centre revises small savings scheme interest rates on a quarterly basis.

Small Savings Interest Rates Unchanged for Q4 FY 2024-25

Finance Ministry said, the rates of interest on Small Savings Schemes from 1st January to 31st March, 2025, will remain unchanged.@FinMinIndia pic.twitter.com/8S7Xis8xev

— All India Radio News (@airnewsalerts) December 31, 2024

Scheme-wise interest rate tally

Here’s the scheme-wise tally on Small Savings Scheme interest rates:

According to the notification, Senior Citizens’ Savings Scheme (SCSS) and Sukanya Samriddhi Account Scheme (SSAS) interest rates stood the highest at 8.2 per cent. The Centre has capped the amount of SCSS deposits at Rs 30 lakh across multiple accounts. SSAS carries a 21 year tenure, which can be ended prematurely after 18 years with a 15-year investment. SSAS is a tax-free investment scheme in which subscribers can invest a minimum of Rs 250 going up to Rs 1.5 lakh every financial year.

This was followed National Savings Certificate at 7.7 per cent and Kisan Vikas Patra at 7.5 per cent on a tenure of 115 days. The Post Office Monthly Income Scheme (POMIS) offers 7.4 per cent interest rates on investments up to Rs 9 lakh for single accounts starting from Rs 1,000. The POMIS joint account saving cap has been fixed at Rs 15 lakh.  PPF rates have been kept unchanged since 2020 at 7,1 per cent when the interest rate on this scheme was slashed by 0.8 per cent. PPF investments are tax-free under Section 80C of the Income Tax Act, 1961. The government has left Small Savings Scheme rates unchanged since Q4 of financial year 2022-23.

 Small Savings Scheme interest rates for Jan quarter: The Centre on Tuesday shared January quarter interest rates for small savings schemes such as PPF, Sukanya Samriddhi and other schemes.  Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today