Interest rates on small savings schemes like PPF and NSC have remained unchanged for the January-March quarter, said the government in a notification on Tuesday. The government left the interest rates unchanged for the fourth straight quarter beginning January 1, 2024.
"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.
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.
(With PTI inputs)
