The government last changed the interest rates on some schemes for the fourth quarter of 2023-24. The government issues notification of interest rates on small savings schemes every quarter.
Small savings scheme: If you invest in small savings schemes like Sukanya Samriddhi Yojana and Public Provident Fund (PPF), then this news is for you. The government decided to keep the interest rates on small savings scheme unchanged for the April-June quarter of the financial year 2025-26. This is the fifth consecutive quarter when there has been no change in the interest rate on small savings schemes.
What did the Finance Ministry say
The Finance Ministry said in a notification that the interest rates on different small savings schemes in the quarter starting from April 1, 2025 and ending on June 30, 2025 will remain unchanged from the rates notified for the March quarter of the financial year 2024-25. Let us tell you that the government last changed the interest rates in some schemes for the fourth quarter of 2023-24. The government issues a notification of interest rates on small savings schemes every quarter.
How much interest rate for which scheme
Under Sukanya Samriddhi Yojana, deposits will get an interest rate of 8.2 percent, while the rate on three-year fixed deposits will remain at 7.1 percent in the current quarter. The interest rates of the popular PPF and post office savings deposit schemes have also been retained at 7.1 percent and four percent respectively for the next quarter. The interest rate on Kisan Vikas Patra will be 7.5 percent as before and this investment will mature in 115 months. The interest rate on National Savings Certificate (NSC) will remain at 7.7 percent for the period April-June 2025. Like the current quarter, the Monthly Income Scheme will earn 7.4 percent for investors.
There was a possibility of a cut
Let us tell you that the Reserve Bank of India had cut the repo rate by 0.25 percent in the month of February last year. After this cut, the repo rate became 6.25 percent. After the RBI’s decision, there was a fear that the interest rates of small savings schemes would be reduced. However, the government has not made any change for the upcoming quarter.
Most Read Articles:
- Vande Bharat Express: Big news about Lucknow-Chhapra Vande Bharat Express, know timing, stoppage, fare
- New Rules Update: From TDS to withdrawing money from ATM machine, these 10 rules will change from April 1, Check the new rules
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
