Govt keeps interest rates on small savings schemes unchanged for Q4FY25

Govt keeps interest rates on small savings schemes unchanged for Q4FY25

The Indian government has announced that the interest rates on various small savings schemes, including the Public Provident Fund (PPF), National Savings Certificates (NSC), and Sukanya Samriddhi Yojana, will remain unchanged for the fourth consecutive quarter.

Index Fund Corner

Sponsored

Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio
Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12%
Axis Nifty 100 Index Fund +38.59% Invest Now Equity: Large Cap 0.21%
Axis Nifty Next 50 Index Fund +71.83% Invest Now Equity: Large Cap 0.25%
Axis Nifty 500 Index Fund Invest Now Equity: Flexi Cap 0.10%
Axis Nifty Midcap 50 Index Fund +46.03% Invest Now Equity: Mid Cap 0.28%

The rates, effective from January 1, 2025, through March 31, 2025, will be identical to those for the third quarter of FY2024-25.

“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.

Key interest rates for small savings schemes:

–Sukanya Samriddhi Yojana: 8.2%

–Three-Year Term Deposit: 7.1%
–Public Provident Fund (PPF): 7.1%
–Post Office Savings Deposit: 4%
–Kisan Vikas Patra: 7.5% (Matures in 115 months)
–National Savings Certificate (NSC): 7.7%
–Monthly Income Scheme: 7.4%

The government’s decision to keep these rates stable follows a pattern seen over the past year, as rates have remained unchanged for four consecutive quarters. The last revision in these schemes was made in the fourth quarter of FY 2023-24.

These small savings schemes, primarily managed by post offices and public-sector banks, offer secure investment options for retail investors.

The interest rates are reviewed and updated quarterly by the Finance Ministry, reflecting economic conditions and government policy.

Abhishek Sharma, Prabhsimran Singh Hit 298-Run Partnership, Equal Big Record In Vijay Hazare Trophy Previous post Abhishek Sharma, Prabhsimran Singh Hit 298-Run Partnership, Equal Big Record In Vijay Hazare Trophy
Michail Antonio: West Ham striker discharged from hospital three weeks after breaking leg in car accident Next post Michail Antonio: West Ham striker discharged from hospital three weeks after breaking leg in car accident

Leave a Reply

Your email address will not be published. Required fields are marked *