Government Holds Interest Rates Steady for Small Savings Schemes

Interest rates on small savings schemes like PPF, NSC, and Sukanya Samriddhi remain unchanged for the January-March 2025 quarter. The rates are consistent with those from the previous quarter, with highlights including 8.2% for Sukanya Samriddhi and 7.1% for PPF. Government updates these rates quarterly.

In a move consistent with previous quarters, the government announced on Tuesday that interest rates for various small savings schemes will remain unchanged for the fourth quarter beginning January 1, 2025.

According to a finance ministry notification, popular savings schemes like Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to offer interest rates of 7.1% and 7.7%, respectively. Other highlighted rates include 8.2% for the Sukanya Samriddhi scheme and 7.5% for the Kisan Vikas Patra.

These rates, mainly for schemes operated by post offices and banks, will stay in effect until March 31, 2025, marking the fourth consecutive quarter of unchanged rates. The government periodically reviews and updates these rates every quarter.

(With inputs from agencies.)