Subject: Revision of interest rates for Small Savings Schemes – reg. 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 from those notified for the fourth quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24.
2. This has the approval of the competent authority.
Here is a look at the interest rates on various small savings schemes for the first quarter of FY 2024-25.
Interest rates for various small savings schemes
| Small savings schemes | Interest rates for April-June 2024 |
|---|---|
| Savings deposits | 4 |
| 1 year time deposits | 6.9 |
| 2 year time deposits | 7 |
| 3 year time deposits | 7.1 |
| 5 year time deposits | 7.5 |
| 5 year recurring deposits | 6.7 |
| Monthly income account scheme | 7.4 |
| National savings certificate | 7.7 |
| Senior citizen savings scheme | 8.2 |
| Public provident fund scheme | 7.1 |
| Kisan Vikas Patra | 7.5 |
| Sukanya Samriddhi Account | 8.2 |