New Delhi:
The government regularly adjusts the interest rates of small savings schemes every quarter.
For the July to September 2024 quarter, the interest rates for Small Savings Schemes (like the Post Office Small Savings Scheme) will be determined by the government.
Notably, there were no changes in interest rates for the April to June quarter of 2024.
Popular Small Savings Schemes
Various small saving schemes are widely used by the public, including:
- Public Provident Fund (PPF)
- Sukanya Samriddhi Yojana (SSY)
- Mahila Samman Savings Certificate
- Senior Citizen Savings Scheme (SCSS)
- National Savings Certificate (NSC)
Check their Interest Rates below
Interest Rates for the First Quarter of 2024-25
Here are the current interest rates on small savings schemes from April 1, 2024, to June 30, 2024:
- Post Office Savings Account: 4.0% per annum (interest credited annually)
- 1-year Fixed Deposit: 6.9% per annum (interest credited quarterly)
- 2-year Fixed Deposit: 7.0% per annum (interest credited quarterly)
3-year Fixed Deposit: 7.1% per annum (interest credited quarterly)
5-year Fixed Deposit: 7.5% per annum (interest credited quarterly)
- 5-year Recurring Deposit: 6.7% per annum (interest credited quarterly)
- Senior Citizen Savings Scheme: 8.2% per annum (interest credited quarterly)
- Monthly Income Scheme: 7.4% per annum (interest credited monthly)
National Savings Certificate (8th Issue): 7.7% per annum (interest credited annually)
Public Provident Fund (PPF): 7.1% per annum (interest credited annually)
- Kisan Vikas Patra: 7.5% per annum (matures in 115 months, interest credited annually)
- Mahila Samman Saving Scheme: 7.5% per annum (interest credited quarterly)
Sukanya Samriddhi Scheme: 8.2% per annum (interest credited annually)
This version maintains all the information while breaking it down into clearer sections with headings for easier understanding.
