The government has decided not to change the interest rates on small savings schemes for the April-June quarter (Q1FY26).
This is the fifth time in a row that the rates have remained the same. The Finance Ministry announced this decision through a notification on March 28.
No Change in Interest Rates
According to the notification, the Sukanya Samriddhi Yojana will continue to offer an 8.2% interest rate. The three-year fixed deposit rate remains at 7.1%.
Other key interest rates include:
Public Provident Fund (PPF): 7.1%
Post Office Savings Account: 4%
Interest Rates Have Been Stable for Five Quarters
The last increase in small savings interest rates was in December 2023. Since then, rates have remained unchanged for five quarters, covering:
January-March (Q4FY25)
October-December (Q3FY25)
July-September (Q2FY25)
April-June (Q1FY25)
Before setting interest rates, the government reviews factors like inflation and the country’s liquidity situation.
This review happens every three months for schemes such as PPF, NSC, and Kisan Vikas Patra. Currently, small savings interest rates range from 4% to 8.2%.
Interest Rates for Different Schemes
Here are the current interest rates for various small savings schemes:
Post Office Savings Account: 4%
Post Office Monthly Income Scheme: 7.4%
Post Office Time Deposits:
1 year: 6.9%
2 years: 7%
3 years: 7.1%
5 years: 7.5%
Kisan Vikas Patra (KVP): 7.5%
Public Provident Fund (PPF): 7.1%
Sukanya Samriddhi Yojana: 8.2%
National Savings Certificate (NSC): 7.7%
Senior Citizen Savings Scheme (SCSS): 8.2%
This means that savers will continue to earn the same returns as before, with no increase or decrease in interest rates for the next quarter.
