A notification issued by the Finance Ministry on Tuesday said, “The interest rates on various small savings schemes for the fourth quarter of the financial year 2024-25, which begins on January 1, 2025, and ends on March 31, 2025, will remain unchanged from the rates notified for the third quarter of the financial year 2024-25 (October 1, 2024, to December 31, 2024).” According to the notification, deposits under the Sukanya Samriddhi Yojana will get an interest rate of 8.2 percent, while the interest rate on three-year term deposits will remain at 7.1 percent.
The interest rates of the most popular Public Provident Fund (PPF) and post office savings deposit schemes have also been retained at 7.1 percent and 4 percent respectively.
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The interest rate on Kisan Vikas Patra will be 7.5 percent and the investment will mature in 115 months. The interest rate on National Savings Certificate (NSC) will remain at 7.7 percent for the period January-March 2025. Like the current quarter, the Monthly Income Scheme will give 7.4 percent interest to investors.
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There has been no change in interest rates for the last four quarters. The government last made changes in some schemes in the fourth quarter of the last financial year. The government issues notification of interest rates on small savings schemes operated by post offices and banks every quarter.
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