There is no change in interest rates on small savings schemes for the second quarter

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The government announced no change in interest rates on Public Provident Fund (PPF) and other small savings schemes for the second quarter of the current financial year 2024-25. Interest rates on various small savings schemes have been kept unchanged for the quarter starting July 1, 2024.

New Delhi. The government on Friday announced no change in interest rates on Public Provident Fund (PPF) and other small savings schemes for the second quarter of the current financial year 2024-25. Interest rates on various small savings schemes have been kept unchanged for the quarter starting July 1, 2024. The Finance Ministry said in a notification, “The interest rates on various small savings schemes for the second quarter of the financial year 2024-25 (from July 1 to September 30, 2024) will remain the same as the rates notified for the first quarter (from March 1 to June 30, 2024).”

According to the notification, deposits under Sukanya Samriddhi Yojana will get an interest rate of 8.2 percent, while the rate on three-year fixed deposits will be 7.1 percent. The interest rates of PPF and Post Office Savings Deposit Scheme will also remain at 7.1 percent and four percent respectively. The interest rate on Kisan Vikas Patra will be 7.5 percent and this investment will mature in 115 months. The interest rate on National Savings Certificate (NSC) will be 7.7 percent for the period July-September 2024. In the September quarter also, the Post Office Monthly Income Scheme will give 7.4 percent interest to investors as before. The government notifies interest rates for small savings schemes run by post offices and banks every quarter.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.



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