Small Savings Scheme: Major Update On Government Schemes Including PPF And Sukanya
If you invest in small savings schemes such as the Public Provident Fund ( PPF ), Sukanya Samriddhi Yojana , Senior Citizens Savings Scheme, Term Deposit, or the Post Office Monthly Income Scheme (POMIS), there is an important update. The government has announced the interest rates for the upcoming quarter.
No Changes in Interest Rates
The government has decided not to change the interest rates for small savings schemes . The interest rates for the second quarter of 2024 will remain the same as those for the April-June quarter .
Current Interest Rates
Here are the interest rates for various small savings schemes for the April-June quarter of 2024:
These rates will continue to be applicable for the upcoming quarter, providing stability for investors in these government-backed savings schemes.
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No Changes in Interest Rates
The government has decided not to change the interest rates for small savings schemes . The interest rates for the second quarter of 2024 will remain the same as those for the April-June quarter .
Current Interest Rates
Here are the interest rates for various small savings schemes for the April-June quarter of 2024:
- 1-Year Time Deposit Scheme: 6.9% interest
- 2-Year Time Deposit Scheme: 7.0% interest
- 3-Year Time Deposit Scheme: 7.1% interest
- 5-Year Time Deposit Scheme: 7.5% interest
- 5-Year Recurring Deposit (RD) Scheme: 6.7% interest
- Monthly Income Account Scheme (MIS): 7.4% interest
- National Savings Certificate (NSC): 7.7% interest
- Senior Citizens Savings Scheme: 8.2% interest
- Public Provident Fund (PPF) Scheme: 7.1% interest
- Kisan Vikas Patra (KVP): 7.5% interest
- Sukanya Samriddhi Scheme: 8.2% interest
These rates will continue to be applicable for the upcoming quarter, providing stability for investors in these government-backed savings schemes.
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