The government has decided to keep the interest rates unchanged for various small savings schemes for the second quarter of the financial year 2024-25, said the Ministry of Finance on Friday.
The rates of interest on various Small Savings Schemes for the first quarter of FY 2024-25 starting from 1st April, 2024 and ending on 30th June, 2024 shall remain unchanged.
The rate of interest for the Sukanya Samridhi Scheme is 8.2 per cent while for three-year term deposits, the interest rate is 7.1 per cent. Similarly, Public Provident Fund gives one interest rate of 7.1 per cent. Kisan Vikas Patra gives interest rate at 7.5 per cent, annually.
The government has raised the rate of interest on various Small Savings Schemes for the first quarter of the financial year 2023-24 starting April 1 (today) by up to 70 basis points (100 basis point is equal to 1 percentage point).
New Delhi [India], Mar 31 (ANI): Facing economic challenges due to threat posed by coronavirus, the government on Tuesday lowered the rates of interest on various small savings schemes including Public Provident Fund, Sukanya Samriddhi and Kisan Vikas Patra for the first quarter of the fina