According to a notification issued by the Union Finance Ministry on Friday, interest rates on various small savings schemes will remain unchanged for the second quarter.
New Delhi: The Center has kept the interest rate on small savings unchanged in the second quarter of FY 2024-25. There is no change in the interest rate for any small savings in second quarter (July to September).
Interest rates on small savings schemes are not increasing from the first day of July. Interest rates remain unchanged in the second quarter of FY2024-25. As a result, there is no change in the interest rates of central government schemes like Senior Citizens Savings Scheme, Recurring Deposit, Monthly Income Account Scheme, National Savings Certificate, Public Provident Fund Scheme, Sukanya Samriddhi Yojona. According to a notification issued by the Union Finance Ministry on Friday, interest rates on various small savings schemes will remain unchanged for the quarter from July 1 to September 30. That is, the rate of interest which was in force in the first quarter of the financial year 2024-25 i.e. from April to the end of June, will be paid at that rate in the second quarter. The interest rate on Public Provident Fund will be 7.1 percent.
General Savings will earn interest at the rate of 4 percent. The interest rate on one-year term deposits will be 6.9 percent. Two-year term deposits will earn interest at the rate of 7 percent. Investing in a three-year term deposit scheme will earn interest at the rate of 7.1 percent. But in case of five years term deposit it will be 7.5 percent. On the other hand, the interest rate on popular small savings schemes like National Savings Certificate is 7.7 percent. Another popular scheme Kisan Bikash Patra has an interest rate of 7.5 percent. And Sukanya Samriddhi Yojona will get interest at the rate of 8.2 percent. Customers will get interest at the rate of 6.7 percent if they invest in a 5-year recurring deposit. Senior Citizens Savings Scheme has an interest rate of 8.2 percent. The monthly income account scheme will earn interest at the rate of 7.4 percent.
New Delhi: The Center has kept the interest rate on small savings unchanged in the second quarter of FY 2024-25. There is no change in the interest rate for any small savings in second quarter (July to September).
Interest rates on small savings schemes are not increasing from the first day of July. Interest rates remain unchanged in the second quarter of FY2024-25. As a result, there is no change in the interest rates of central government schemes like Senior Citizens Savings Scheme, Recurring Deposit, Monthly Income Account Scheme, National Savings Certificate, Public Provident Fund Scheme, Sukanya Samriddhi Yojona. According to a notification issued by the Union Finance Ministry on Friday, interest rates on various small savings schemes will remain unchanged for the quarter from July 1 to September 30. That is, the rate of interest which was in force in the first quarter of the financial year 2024-25 i.e. from April to the end of June, will be paid at that rate in the second quarter. The interest rate on Public Provident Fund will be 7.1 percent.
General Savings will earn interest at the rate of 4 percent. The interest rate on one-year term deposits will be 6.9 percent. Two-year term deposits will earn interest at the rate of 7 percent. Investing in a three-year term deposit scheme will earn interest at the rate of 7.1 percent. But in case of five years term deposit it will be 7.5 percent. On the other hand, the interest rate on popular small savings schemes like National Savings Certificate is 7.7 percent. Another popular scheme Kisan Bikash Patra has an interest rate of 7.5 percent. And Sukanya Samriddhi Yojona will get interest at the rate of 8.2 percent. Customers will get interest at the rate of 6.7 percent if they invest in a 5-year recurring deposit. Senior Citizens Savings Scheme has an interest rate of 8.2 percent. The monthly income account scheme will earn interest at the rate of 7.4 percent.
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