Small Savings Scheme: The government has not made any change in the interest rates on small savings schemes including Sukanya Samriddhi Yojana, PPF for the April to June quarter.
New Delhi. Before the start of the new financial year, the Modi government has made a big announcement for those investing in small savings schemes including Sukanya Samriddhi Yojana, PPF. Actually, the government has not made any change in the interest rates on Small Savings Schemes for the April to June quarter. Let us tell you that the government can review the rates of these schemes every quarter.
These new rates will be applicable from April 1 to June 30. Interest will continue to be paid on investments in Senior Citizens Savings Scheme (SCSS), National Savings Certificate (NSC), PPF, Kisan Vikas Patra (KVP) and Sukanya Samriddhi Yojana (SSY).
The Finance Ministry issued a notification.
The Finance Ministry issued a notification in this regard on Friday. According to the notification, “Interest rates on various small savings schemes for the first quarter (April-June) of the financial year 2024-25 will be the same as the rates notified for the fourth quarter (January-March, 2024).”
Interest rate on small savings scheme to remain unchanged for the quarter beginning April 1: Govt
— Press Trust of India (@PTI_News) March 8, 2024
How much interest is being received in which scheme in April-June 2024?
Savings Deposit – 4.0% interest
1 Year Time Deposit – 6.9% interest
2 Year Time Deposit – 7.0% interest
3 Year Time Deposit – 7.1% interest
5 Year Time Deposit – 7.5% interest
5 Year Recurring Deposit – 6.7% Interest
Senior Citizen Savings Scheme – 8.2 percent interest
Monthly Income Account – 7.4 percent interest
National Savings Certificate – 7.7 percent interest
Public Provident Fund – 7.1 percent interest
Kisan Vikas Patra – 7.5 percent interest (on maturity in 115 months)
Sukanya Samriddhi Yojana – 8.2 percent Interest
