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. 

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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.