Govt Announces new interest rates on small saving schemes

New Delhi: The government on Friday announced interest rates for the small saving schemes, also known as post office schemes, for the April-June quarter. The government has kept the rates unchanged on various small savings schemes, including PPF and NSC, for the fifth straight quarter beginning April 1, 2025.

-As per the notification, deposits under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent prevailing in the current quarter.

-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 April-June 2025 period.

-Like the current quarter, the Monthly Income Scheme will earn 7.4 per cent for investors.

With this, the interest rates on small savings schemes, majorly operated by post offices and banks, have been left unchanged for the fifth consecutive quarter. The government had last made changes in some schemes for the fourth quarter of 2023-24.