Small savings scheme interest rates constant for fourth consecutive quarter of January-March – Newz9

The authorities has determined to maintain the interest rates on varied small savings schemes unchanged for the fourth consecutive quarter, ranging from January 1, 2025, and persevering with via 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 additional added that the interest charge on deposits underneath the Sukanya Samriddhi Scheme will stay at 8.2 per cent.The charge for a 3-12 months time period deposit continues at 7.1 per cent, consistent with the present quarter.
For the favored Public Provident Fund (PPF) and submit workplace savings deposit schemes, the interest rates will keep at 7.1 per cent and 4 per cent, respectively. The Kisan Vikas Patra will supply an interest charge of 7.5 per cent, with investments maturing in 115 months. The National Savings Certificate (NSC) will proceed to offer an interest charge of 7.7 per cent for the January-March 2025 interval.
Similarly, the Monthly Income Scheme will preserve an interest charge of 7.4 per cent, because it has within the present quarter.
This marks the fourth consecutive quarter the place the interest rates have been unchanged. The authorities final made changes to some of the schemes for the fourth quarter of the earlier fiscal 12 months.
These small savings schemes, that are majorly operated by submit places of work and banks, have their interest rates notified by the federal government each quarter.