Government Maintains Steady Interest Rates for Small Savings Schemes
The government has kept interest rates unchanged for various small savings schemes, including PPF and NSC, for the sixth consecutive quarter starting July 1, 2025. The notification outlines specific rates, such as 8.2% for the Sukanya Samriddhi scheme and 7.1% for a three-year term deposit.
- Country:
- India
In a recent announcement, the government confirmed that interest rates for small savings schemes will remain unchanged for the sixth successive quarter, effective from July 1, 2025. This decision affects a range of financial products, including the widely-utilized Public Provident Fund (PPF) and National Savings Certificate (NSC).
The finance ministry's notification specifies the interest rate for the Sukanya Samriddhi scheme at 8.2%, while a three-year term deposit will continue to earn 7.1% interest. The Public Provident Fund and post office savings remain at 7.1% and 4% respectively, ensuring stability for investors across the nation.
Additionally, the Kisan Vikas Patra will bear an interest rate of 7.5%, maturing in 115 months, while the monthly income scheme sustains a 7.4% return. The current quarter's continuity in rates reflects no changes since the minor revisions made in the final quarter of FY 2023-24.
(With inputs from agencies.)
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