Small Savings Scheme Interest Rates Unchanged for Q3 FY25

The government has announced that interest rates on various small savings schemes, including the Public Provident Fund (PPF) and National Savings Certificate (NSC), will remain unchanged for the third consecutive quarter, starting from October 1, 2024, to December 31, 2024. According to a finance ministry notification, the rates for this quarter will match those from the previous quarter (July 1, 2024, to September 30, 2024).

Key rates include 8.2% for the Sukanya Samriddhi scheme, 7.5% for Kisan Vikas Patra (maturing in 115 months), 7.1% for PPF, and 4% for post office savings deposits. The NSC retains a rate of 7.7%, while the Monthly Income Scheme will continue to offer 7.4%. This decision follows a trend of stability, as rates have remained unchanged for the last three quarters, with the last revisions occurring in the fourth quarter of the previous fiscal year.

Key Rates Overview

• Sukanya Samriddhi Scheme: 8.2%
• Kisan Vikas Patra: 7.5% (115 months maturity)
• Public Provident Fund (PPF): 7.1%
• National Savings Certificate (NSC): 7.7%
• Post Office Savings Deposit: 4%
• Monthly Income Scheme: 7.4%

Historical Context

The government notifies interest rates on these small savings schemes, which are primarily operated by post offices and banks, every quarter. The last significant changes were made in the fourth quarter of the previous fiscal year, indicating a trend of stability in the current economic environment.