Government Keeps Interest Rates Unchanged for Small Savings Schemes in Q2 2024-25

The Indian government has decided to keep the interest rates unchanged for various small savings schemes for the second quarter of the financial year 2024-25. This decision, announced by the Ministry of Finance, applies from July 1, 2024, to September 30, 2024.

Key Schemes and Their Interest Rates

Public Provident Fund (PPF): 7.1%
Senior Citizen Savings Scheme (SCSS): 8.2%
Sukanya Samriddhi Yojana: 8.2%

Other Schemes

National Savings Certificate (NSC): 7.7%
Post Office Monthly Income Scheme (PO-MIS): 7.4%
Kisan Vikas Patra (KVP): 7.5%

Fixed Deposits

Tenure	Interest Rate
1-Year Deposit	6.9%
2-Year Deposit	7.0%
3-Year Deposit	7.1%
5-Year Deposit	7.5%

Recurring Deposit

5-Year Recurring Deposit (RD): 6.7%