The government has decided not to change the interest rates on small savings schemes for the January-March 2025 quarter. This marks the fourth consecutive quarter with no change in these rates. This information comes from a notification issued by the Finance Ministry. Many had expected a New Year gift in the form of increased rates, but that hasn’t happened. For the last quarter of the financial year 2024-25, the existing interest rates for these schemes will remain unchanged. Let’s take a look at the interest rates for these schemes one by one.

Current Interest Rates for Small Savings Schemes

Sukanya Samriddhi Yojana (SSY): 8.2%
Public Provident Fund (PPF): 7.1%
Post Office Savings Account: 4%
Kisan Vikas Patra (KVP): 7.5%
National Savings Certificate (NSC): 7.7%
Monthly Income Scheme (MIS): 7.4%
Savings Deposit: 4.0%
1-Year Time Deposit: 6.9%
2-Year Time Deposit: 7.0%
3-Year Time Deposit: 7.1%
5-Year Time Deposit: 7.5%
5-Year Recurring Deposit: 6.7%
Senior Citizen Savings Scheme (SCSS): 8.2%

No Change in Interest Rates for the Fourth Quarter

The government has announced that interest rates for small savings schemes will remain unchanged for the January-March 2025 quarter. This is the fourth consecutive quarter with no change. These schemes, supported by the Government of India, offer security and consistent returns, providing a reliable option for savings and investments.

Interest Rates Reviewed Quarterly

The government reviews the interest rates on small savings schemes every quarter. Adjustments are typically made based on the yield of government bonds. The interest rates for these schemes are kept slightly higher than bond yields to ensure their attractiveness to investors.

Process for Setting Interest Rates

The Shyamala Gopinath Committee’s recommendations guide the process of determining interest rates for these schemes. This method ensures that the rates are competitive and beneficial for investors while maintaining a balance with market dynamics.

Disclaimer: This news and information are based on 2024 data. Times Bull will not be responsible for any financial investments made, as it is entirely your responsibility. Please consult a financial advisor for better guidance.