Stability in Small Savings: Interest Rates to Remain Unchanged

For the fourth consecutive quarter, the government announced that interest rates on various small savings schemes, including PPF and NSC, will remain unchanged. As of January 2024, these rates will continue to be consistent with those set in the previous quarter, ensuring stable returns for investors.

The government has decided to maintain the status quo on interest rates for a range of small savings schemes for the fourth quarter beginning January 1, 2024. This includes popular options like the Public Provident Fund (PPF) and the National Savings Certificate (NSC).

According to a notification from the finance ministry, the unchanged rates will span from January 1, 2025, to March 31, 2025. The Sukanya Samriddhi scheme will offer an interest rate of 8.2%, with a 7.1% interest rate on a three-year term deposit.

Other notable rates include 7.5% on the Kisan Vikas Patra, maturing in 115 months, and 7.7% for the NSC for the January-March 2025 period. The consistent interest scheme rates ensure familiar investment returns for the fifth quarter in a row.

(With inputs from agencies.)