Small Saving Scheme Interest Rate: The central government has fixed the interest on small savings schemes for the January-March 2025 quarter. There has been no change in the interest rates on Small Savings Scheme, Post Office Deposit, Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Savings Certificate (NSC). According to the notification of the Finance Minister, these rates will remain the same as the rates applicable in the October-December 2024 quarter. That means there has been no change in the interest rates of small savings schemes.
Now the interest rate on small savings scheme for the quarter January-March 2025
Savings Deposit: 4%
1-Year Post Office Time Deposit: 6.9%
2-Year Post Office Time Deposit: 7.0%
3-Year Post Office Time Deposit: 7.1%
5-Year Post Office Time Deposit: 7.5%
5-Year Recurring Deposit: 6.7%
National Savings Certificate (NSC): 7.7%
Kisan Vikas Patra (KVP): 7.5% (maturity in 115 months)
Public Provident Fund (PPF): 7.1%
Sukanya Samriddhi Yojana (SSY): 8.2%
Senior Citizen Saving Scheme: 8.2%
Monthly Income Account: 7.4%
Interest rates of banks and post offices
The post office is offering interest rates of 6.9% to 7.1% on fixed deposits of 1 to 3 years, whereas these rates in banks range from 6.5% to 8.05%. Senior citizens get the benefit of extra interest rate. Bandhan Bank is offering maximum interest of 8.05%.
small savings interest rate
Small savings schemes are run by the government, which aim to encourage citizens to save regularly. These are divided into three categories. First is savings deposit, second is social security schemes and third is monthly income plan.
Savings Deposit: Like PPF and Post Office Savings.
Social Security Schemes: Like Sukanya Samriddhi and Senior Citizens Savings Scheme.
Monthly Income Plan: Like Monthly Income Account.
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