Interest rates on small savings schemes remain unchanged for January-March quarter

The government on Tuesday left the interest rates unchanged on various small savings schemes, including PPF and NSC, for the fourth straight quarter beginning January 1, 2025.

“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,” said a finance ministry notification.

As per the notification, deposits under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent prevailing in the current quarter.

The interest rates for popular Public Provident Fund (PPF) and post office savings deposit schemes too have been retained at 7.1 per cent and 4 per cent, respectively.

The interest rate on the Kisan Vikas Patra will be 7.5 per cent, and the investments will mature in 115 months.

The interest rate on the National Savings Certificate (NSC) will remain at 7.7 per cent for the January-March 2025 period.

Like the current quarter, the Monthly Income Scheme will earn 7.4 per cent for investors.

The interest rates have been left unchanged for the last four quarters now. The government had last made changes in some schemes for the fourth quarter of the last fiscal.

The government notifies the interest rates on small savings schemes, majorly operated by post offices and banks, every quarter.