PPF Interest Rate 2025; Small Savings Schemes | January March Quarter | Small Savings Scheme interest rates will remain unchanged: No change for the fourth consecutive quarter, Sukanya Samriddhi will continue to offer 8.2% interest.

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New Delhi4 hours ago

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The government has not made any changes in the interest rates of small savings schemes for the January-March quarter for the fourth consecutive quarter. On Tuesday (December 31), the Finance Ministry issued a notification giving this information.

Earlier, there was no change in interest rates in April-June (Q1FY25), July-September (Q2FY25) and October-December (July-September) quarters. That is, the interest rates on all small savings schemes including Public Provident Fund (PPF), National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) will remain unchanged for the Q4FY25 quarter.

7.1% interest rate is available on Public Provident Fund

Currently the interest rate on Public Provident Fund (PPF) is 7.1% and Sukanya Samriddhi Yojana is 8.2%. The government also keeps an eye on the country’s liquidity situation and inflation before deciding on the interest rates of small savings schemes.

However, PPF reviews the interest rates on small savings schemes including NSC and KVP every three months. Interest rates on small savings schemes range between 4% to 8.2%. The government had increased the interest rates in December 2023.

Interest rates are reviewed every quarter

The interest rates of Small Savings Scheme are reviewed every quarter. The formula for determining their interest rates was given by the Shyamala Gopinath Committee. The committee had suggested that the interest rates of these schemes should be 0.25-1.00% higher than the yield of government bonds of similar maturity.

These schemes are the major source of household savings

Small Savings Scheme is the major source of household savings in India and comprises 12 instruments. In these schemes, depositors get fixed interest on their money. Collections from all small savings schemes are deposited in the National Small Savings Fund (NSSF). Small savings schemes have emerged as a source of financing government deficit.

Classification

Small savings instruments can be divided into three parts:

  1. Postal Deposit: Savings Account, Recurring Deposit, Time Deposit and Monthly Income Scheme
  2. Saving Certificate: National Small Savings Certificate (NSC) and Kisan Vikas Patra (KVP)
  3. Social Security Schemes: Sukanya Samriddhi Yojana, Public Provident Fund (PPF) and Senior Citizens Savings Scheme (SCSS)

There is more news…

https://aiearth.us/government/ppf-interest-rate-2025-small-savings-schemes-january-march-quarter-small-savings-scheme-interest-rates-will-remain-unchanged-no-change-for-the-fourth-consecutive-quarter-sukanya-samriddhi-will/

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