Small Saving Scheme Interest Rate: The interest rates on small savings schemes run by the government have been subject to changes. For the third quarter, starting from October 1, 2024 (October 1 to December 31, 2024), no changes have been made to the interest rates. The rates for the third quarter will remain the same as they were for the second quarter.
Interest Rates According to the Scheme
As per the government notification, the interest rates for different schemes are as follows:
- The Sukanya Samriddhi Scheme will continue to have an interest rate of 8.2%.
- The interest rate for three-year term deposits will remain at 7.1%.
- The popular Public Provident Fund (PPF) will retain its interest rate of 7.1%.
- The interest rate for post office savings deposit schemes will remain steady at 4%.
- The Kisan Vikas Patra (KVP) will offer an interest rate of 7.5%, with investments maturing in 115 months.
- The National Savings Certificate (NSC) will maintain an interest rate of 7.7% for the July-September 2024 quarter.
Like in the current quarter, the Monthly Income Scheme (MIS) will continue to offer an interest rate of 7.4% to investors. The government announces the interest rates on small savings schemes every quarter, which are primarily operated by post offices and banks.
