The government has decided to keep the interest rates on various
small savings schemes
unchanged for the fourth consecutive quarter, starting from January 1, 2025, and continuing through to March 31, 2025.
A notification issued by the finance ministry confirmed “The rates of interest on various small savings schemes for the fourth quarter of FY 2024-25, starting from January 1, 2025, and ending on March 31, 2025, shall remain unchanged from those notified for the third quarter (October 1, 2024, to December 31, 2024) of FY 2024-25.”
The notification further added that the interest rate on deposits under the
Sukanya Samriddhi Scheme
will remain at 8.2 per cent.
The rate for a three-year term deposit continues at 7.1 per cent, in line with the current quarter.
For the popular
Public Provident Fund
(PPF) and post office savings deposit schemes, the interest rates will stay at 7.1 per cent and 4 per cent, respectively. The Kisan Vikas Patra will offer an interest rate of 7.5 per cent, with investments maturing in 115 months. The
National Savings Certificate
(NSC) will continue to provide an interest rate of 7.7 per cent for the January-March 2025 period.
Similarly, the Monthly Income Scheme will maintain an interest rate of 7.4 per cent, as it has in the current quarter.
This marks the fourth consecutive quarter where the interest rates have been unchanged. The government last made adjustments to some of the schemes for the fourth quarter of the previous fiscal year.
These small savings schemes, which are majorly operated by post offices and banks, have their interest rates notified by the government every quarter.
