Jul 04, 2024 01:26 PM IST
The Centre kept the interest rates of small savings schemes unchanged for the July-September quarter of 2024.
General Provident Fund (GPF) interest rates as well as those for similar provident fund schemes for July-September have been announced. The Finance Ministry said, “It is announced for general information that during the year 2024-2025, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven points one percent) w.e.f. 1st July, 2024 to 30th September, 2024. This rate will be in force w.e.f. 1st July, 2024.”
Read more: These stocks are helping Sensex stay above 80,000-mark: Do you own any?
General Provident Fund (GPF) interest rates for July-September
The interest rate on GPF will be 7.1% for the July-September quarter of 2024.
Other funds with 7.1% interest rates for July-September
Read more: Mumbai is India’s costliest city, Islamabad world’s cheapest: Who topped the list
The schemes that will fetch interest rates of 7.1% for the July-September quarter are: General Provident Fund (Central Services), Contributory Provident Fund (India), All India Services Provident Fund, The State Railway Provident Fund, The General Provident Fund (Defence Services) and The Indian Ordnance Department Provident Fund.
Read more: Google to export India-made Pixel smartphones to Europe, US: Report
What about small saving scheme interest rates for July-September
The Centre kept the interest rates of small savings schemes unchanged for the July-September quarter of 2024. The Senior Citizen Savings Scheme (SCSS) will offer an interest rate of 8.2% for the same period while interest rate of the National Savings Certificate (NSC) will be at 7.7% for the July-September quarter and for Monthly Income Account Scheme (MIS) will be 7.4% for the July-September quarter. The 5-year recurring deposit will have an interest rate of 7.5% for the September quarter.
