MUST KNOW

From PPF, KVP To Sukanya Samriddhi And More: Check Interest Rates Of 11 Post Office Savings Scheme For April-June 2024

Interest rates of these small savings scheme will remain unchanged for the first quarter of the next fiscal, beginning April 1, 2024, a notification issued by the finance ministry has said.

Also Read- Petrol, Diesel Fresh Prices Announced On April 2: Know Fuel Rates In Your City

New Delhi: The central government in March kept the interest rates for small savings schemes viz PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Scheme and other unchanged for the April June quarter.

Interest rates of these small savings scheme will remain unchanged for the first quarter of the next fiscal, beginning April 1, 2024, a notification issued by the finance ministry has said.

“The rates of interest on various small savings schemes for the first quarter of FY 2024-25, starting from April 1, 2024, and ending on June 30, 2024, shall remain unchanged from those notified for the fourth quarter (January 1, 2024, to March 31, 2024) of FY 2023-24,” the notification said.

Also Read- Indian Railways Introduces QR Code Scanning For Online Payments; Check Details

Check Rate Latest Rate Of Interest Of All 13 Small Savings Scheme applicable For April-June 2024

Sl.No.InstrumentsRate of interestCompounding Frequency*
01.Post Office Savings Account4.0Annually
02.1 Year Time Deposit6.9 (Annual Interest ₹708 for ₹10,000/-)Quarterly
03.2 Year Time Deposit7.0 (Annual Interest ₹719 for ₹10,000/-)Quarterly
04.3 Year Time Deposit7.1 (Annual Interest ₹719 for ₹10,000/-)Quarterly
05.5 Year Time Deposit7.5 (Annual Interest ₹771 for ₹10,000/-)Quarterly
06.5 Year Recurring Deposit Scheme6.7Quarterly
07.Senior Citizen Savings Scheme8.2 (Quarterly Interest ₹205 for ₹10,000/-)Quarterly and Paid
08.Monthly Income Account7.4 (Monthly Interest ₹62 for ₹10,000/-)Monthly and paid
09.National Savings Certificate (VIII Issue)7.7 (Maturity Value ₹14,490 for ₹10,000/-)Annually
10.Public Provident Fund Scheme7.1Annually
11.Kisan Vikas Patra7.5 (will mature in 115 months)Annually
12.Mahila Samman Savings Certificate7.5 (Maturity Value ₹11,602 for ₹10,000/-)Quarterly
13.Sukanya Samriddhi Account Scheme8.2Annually

Also Read- Petrol, Diesel Fresh Prices Announced On April 1: Know Fuel Rates In Your City

The interest rate on small savings schemes, which is majorly operated by post offices, is notified by the government on quarterly basis.

Source :
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top