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The government has decided not to make any changes in the interest rates of small savings schemes. This information is for the third quarter of the financial year 2024-25. With this, investors will continue to get the benefit of stable interest rates like the last three quarters. The interest rates of different schemes will remain the same as before.
Interest rates remain stable
This information came out on Monday. Interest rates were not changed in the last three quarters as well. As before, interest rates will remain the same from October 1 to December 31, 2024.
Interest Rates of Main Schemes
The government has announced the interest rates of many important schemes. These rates are as follows:
Sukanya Samriddhi Yojana: 8.2% interest will be available in this scheme.
Three-year fixed deposit: This will fetch 7.1% interest.
General PPF: The interest rate of this scheme is also 7.1%.
Post Office Savings Deposit Scheme: The interest rate here is 4%.
Kisan Vikas Patra: This will fetch 7.5% interest. This investment will mature in 115 months.
National Savings Certificate (NSC): The interest rate on this scheme is 7.7%.
Post Office Monthly Income Scheme: Under this scheme, interest of 7.4% will be available.
Benefits for investors
The stable interest rates of these schemes are beneficial for investors. This will ensure that they continue to get good returns on their investments.
Quarterly review
The government reviews the interest rates of these small savings schemes every quarter. This process helps in providing correct information to the investors.
It is worth noting that there has been no change in the interest rates this time. This makes it clear that the government has decided to maintain the current rates. Investors can still expect good returns by investing in their schemes.
Fixed interest rates under small savings schemes provide certainty. This allows people to grow their savings safely. Investors of all schemes will be satisfied with this decision of the government.
