Small Saving Scheme: The government revises the interest rates of small savings schemes every quarter. Till now, the interest rates for the period from April to June 2024 were fixed by the government at the end of March. Now the government has to fix the interest rates for the Small Saving Scheme for the quarter from July to September 2024.
Small Saving Scheme: The government revises the interest rates of small savings schemes every quarter. Till now, the interest rates for the period from April to June 2024 were fixed by the government at the end of March. Now the government has to fix the interest rates for the Small Saving Scheme for the quarter from July to September 2024. However, this time it is expected that the government may increase the interest rate in the Small Saving Scheme.
These are small savings schemes
Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Mahila Samman Savings Certificate, Senior Citizen Savings Scheme (SCSS) and National Savings Certificate (NSC) are some famous small savings schemes among the common people. Here we are telling about the interest on small savings scheme for the first quarter of the financier year 2024-25.
This is the current interest rate on small savings scheme
| Number | Saving Scheme | Interest Rate from 01.04.2024 to 30.06.2024 | When do you get interest |
|---|---|---|---|
| 01. | Post Office Savings Account | 4.0 | every year |
| 02. | 1 year FD | 6.9 (Annual interest on ₹10,000/- is ₹708) | Quarterly |
| 03. | 2 year FD | 7.0 (Annual interest for ₹10,000/- is ₹719) | Quarterly |
| 04. | 3 year FD | 7.1 (Annual interest for ₹10,000/- is ₹719) | Quarterly |
| 05. | 5 year FD | 7.5 (Annual interest on ₹10,000/- is ₹771) | Quarterly |
| 06. | 5 Year Recurring Deposit | 6.7 | Quarterly |
| 07. | Senior Citizen Savings Scheme | 8.2 (Quarterly interest ₹205 for ₹10,000/-) | Payments are made quarterly. |
| 08. | Monthly Income Scheme | 7.4 (Monthly interest ₹62 for ₹10,000/-) | Payment is made monthly. |
| 09. | National Savings Certificate (8th Issue) | 7.7 (Maturity Value ₹14,490 for ₹10,000/-) | every year |
| 10. | Public Provident Fund Scheme | 7.1 | every year |
| 11. | Kisan Vikas Patra | 7.5 (will mature in 115 months) | every year |
| 12. | Mahila Samman Saving Scheme | 7.5 (Maturity Value ₹11,602 for ₹10,000/-) | Quarterly |
| 13. | Sukanya Samriddhi Scheme | 8.2 | every year |
