Rates of interest on small financial savings schemes like PPF, NSC stay unchanged for January-March quarter – India TV

Rates of interest on small financial savings schemes like PPF and NSC have remained unchanged for the January-March quarter, mentioned the federal government in a notification on Tuesday. The federal government left the rates of interest unchanged for the fourth straight quarter starting January 1, 2024.

“The charges of curiosity on numerous small financial savings schemes for the fourth quarter of FY 2024-25, ranging from January 1, 2025, and ending on March 31, 2025, shall stay unchanged from these notified for the third quarter (October 1, 2024, to December 31, 2024) of FY 2024-25,” mentioned a finance ministry notification. 

The rates of interest for common Public Provident Fund (PPF) and put up workplace financial savings deposit schemes too have been retained at 7.1 per cent and 4 per cent, respectively. The rate of interest on the Kisan Vikas Patra will likely be 7.5 per cent, and the investments will mature in 115 months.

The rate of interest on the Nationwide Financial savings Certificates (NSC) will stay at 7.7 per cent for the January-March 2025 interval.

Like the present quarter, the Month-to-month Revenue Scheme will earn 7.4 per cent for traders. The rates of interest have been left unchanged for the final 4 quarters now. The federal government had final made modifications in some schemes for the fourth quarter of the final fiscal.

The federal government notifies the rates of interest on small financial savings schemes, majorly operated by put up workplaces and banks, each quarter.

(With PTI inputs)

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