Small Savings Scheme: The central government has declared that the interest rates for various small savings schemes will remain unchanged for the fourth quarter of the financial year 2025. It is important to note that there were no adjustments to the interest rates for small savings schemes during the previous October-December quarter, nor were there any changes in the April-June and July-September quarters.
Interest rates of some savings schemes
Currently, the interest rate for the Public Provident Fund stands at 7.1 percent, while the Sukanya Samriddhi Yojana offers an interest rate of 8.2 percent. The government closely monitors the liquidity conditions and inflation levels in the country prior to making decisions regarding the interest rates of small savings schemes. Interest rates for these schemes, including PPF, NSC, and KVP, are reviewed every three months and range from 4 to 8.2 percent.
Sukanya Samriddhi Yojana
Notably, the government had previously raised interest rates in December 2023. The Sukanya Samriddhi account requires a minimum investment of Rs 250, with a maximum limit of Rs 1.5 lakh per financial year. Deposits can be made in a lump sum, and there is no restriction on the number of deposits within a month or a financial year. This scheme provides an interest rate of up to 8.2 percent.
Variations
Generally, small savings schemes are categorized into three segments: postal deposits, savings certificates, and social security schemes. Postal deposits encompass savings accounts, recurring deposits, fixed deposits, and monthly income schemes. The National Small Savings Certificate (NSC) and Kisan Vikas Patra (KVP) fall under the savings certificates category, while social security schemes include the Sukanya Samriddhi Yojana, Public Provident Fund (PPF), and Senior Citizen Savings Scheme.
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