Interest rates of PPF, KVP, NSC, Sukanya Samriddhi, other small savings schemes unchanged for Q2; see list
The government announced on Friday that the interest rates applicable to small savings schemes - such as Public Provident Fund (PPF), National Savings Certificate (NSC) and Sukanya Samriddhi Account (SSA) - will remain at the same levels in the September quarter as the previous three months. If you're planning investments or savings in these schemes, it's good to know that the rates will hold steady for now. Here's the full list of small savings scheme interest rates.
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The government on Friday kept the interest rates applicable to small savings schemes, including Public Provident Fund (PPF), Sukanya Samriddhi, Kisan Vikas Patra and National Savings Certificate, unchanged at existing levels for the July-September period. The interest rates on various small savings schemes for the second quarter of FY 2024-25, starting from July 1 and ending on September 30, will remain unchanged from those notified for the first quarter, according to an official notification.
Here's a list of the interest rates applicable to small savings schemes for the fiscal first quarter, which ends on June 30:
| Instrument | Interest rate | Compounding frequency |
| Post Office Savings Account | 4% | Annually |
| 1 Year Time Deposit (TD) | 6.9% (annual interest Rs 708 for Rs 10,000) | Quarterly |
| 2 Year Time Deposit | 7.0% (annual interest Rs 719 for Rs 10,000) | Quarterly |
| 3 Year Time Deposit | 7.1% (annual interest Rs 719 for Rs 10,000) | Quarterly |
| 5 Year Time Deposit | 7.5% (annual interest Rs 771 for Rs 10,000) | Quarterly |
| 5 Year Recurring Deposit (RD) Scheme | 6.7% | Quarterly |
| Senior Citizen Savings Scheme (SCSS) | 8.2% (quarterly interest Rs 205 for Rs 10,000) | Quarterly and Paid |
| Monthly Income Account (MIA) | 7.4% (monthly interest Rs 62 for Rs 10,000) | Monthly and paid |
| National Savings Certificate (VIII Issue) | 7.7% (maturity value Rs 14,490 for Rs 10,000) | Annually |
| Public Provident Fund (PPF) Scheme | 7.1% | Annually |
| Kisan Vikas Patra (KVP) | 7.5% (will mature in 115 months) | Annually |
| Mahila Samman Savings Certificate | 7.5% (maturity value Rs 11,602 for Rs 10,000) | Quarterly |
| Sukanya Samriddhi Account (SSA) Scheme | 8.2% | Annually |
The Centre reviews small savings scheme interest rates every quarter and announces any changes towards the end of each quarter.
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