The central government has not changed the interest rates of small savings schemes like Public Provident Fund (PPF) and National Savings Certificate (NSC). The interest rates for the July to September quarter are stable.
Small savings scheme: The central government has not changed the interest rates of small savings schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana and National Savings Certificate (NSC). This means that the interest rates for the July to September quarter will remain the same.
This is the ninth consecutive quarter that there has been no change in the interest rates of small savings schemes. The interest rate has not been revised since the first quarter of 2020-21. Explain that the interest rates for small savings schemes are fixed on a quarterly basis. The Finance Ministry takes the decision on the interest rates.
How much interest is getting on which scheme: The central government is giving interest at the rate of 7.6 percent per annum on Sukanya Smridhi Yojana for girls. At the same time, PPF has an interest rate of 7.1 percent per annum. Apart from this, an interest of 6.8 percent is available on National Savings Certificate (NSC).
At the same time, if we talk about the five-year Senior Citizens Savings Scheme, 7.4 percent interest is being given. The rate of interest on savings deposits remains at 4% per annum. Similarly, the interest rate on the one-year fixed deposit scheme will remain at 5.5 per cent.
Let us tell you that in addition to the post office RD, the small savings schemes of the government include PPF, Kisan Vikas Patra, Sukanya Samridhi etc.
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