Small Savings Schemes: The government has decided to keep the interest rates on small savings schemes unchanged for the January-March 2024 quarter. The Finance Ministry issued a notification on Tuesday stating that the interest rates for the fourth quarter of the financial year 2024-25 will remain the same as the rates for the third quarter.

PPF and NSC interest rates remain stable

Among the popular schemes, the interest rate on Public Provident Fund (PPF) remains at 7.1% and on National Savings Certificate (NSC) at 7.7%. This move is a relief for millions of investors, as there has been no reduction in rates.

8.2% on Sukanya Yojana for women

Under Sukanya Samriddhi Yojana, the interest rate on deposits for the future of girls will remain at 8.2%. This scheme provides investors a safe option with high returns.

No change in post office plans

The interest rate on post office savings deposits remains stable at 4%. At the same time, 7.4% interest will continue to be available on investments in the Monthly Income Scheme. Kisan Vikas Patra (KVP) will get interest at the rate of 7.5%, and it will mature in 115 months.

Trust in three-year fixed deposits remains intact

The interest rate of 7.1% on the three-year fixed deposit scheme will remain the same as before. This scheme is considered suitable for medium term investment.

There was a change last year

The government had changed the interest rates of some schemes in the fourth quarter of the financial year 2023-24. But this time the rates have been kept stable for the fourth consecutive quarter.

Simple and secure investment assurance

The government has taken this decision keeping in mind the current economic conditions. Small savings schemes are considered a safe investment medium and they provide stability to middle and lower class investors.

A review is done every quarter

The government reviews the interest rates of these schemes run by post offices and banks every quarter. However, consistently stable interest rates give investors more confidence in their schemes.

What should investors do?

Experts believe that stable interest rates are a relief for existing investors. Those investing in new schemes should choose options based on their financial planning.

While investing in small savings schemes, keep in mind their safety, interest rate and tenure.