New Delhi:
The federal government on Tuesday left the rates of interest unchanged on numerous small financial savings schemes, together with PPF and NSC, for the fourth straight quarter starting January 1, 2024.
“The charges of curiosity on numerous small financial savings schemes for the fourth quarter of FY 2024-25, ranging from January 1, 2025, and ending on March 31, 2025, shall stay unchanged from these notified for the third quarter (October 1, 2024, to December 31, 2024) of FY 2024-25,” mentioned a finance ministry notification.
As per the notification, deposits underneath the Sukanya Samriddhi scheme will entice an rate of interest of 8.2 per cent, whereas the speed on a three-year time period deposit stays at 7.1 per cent prevailing within the present quarter.
The rates of interest for in style Public Provident Fund (PPF) and publish workplace financial savings deposit schemes too have been retained at 7.1 per cent and 4 per cent, respectively.
The rate of interest on the Kisan Vikas Patra shall be 7.5 per cent, and the investments will mature in 115 months.
The rate of interest on the Nationwide Financial savings Certificates (NSC) will stay at 7.7 per cent for the January-March 2025 interval.
Like the present quarter, the Month-to-month Revenue Scheme will earn 7.4 per cent for traders.
The rates of interest have been left unchanged for the final 4 quarters now. The federal government had final made modifications in some schemes for the fourth quarter of the final fiscal.
The federal government notifies the rates of interest on small financial savings schemes, majorly operated by publish workplaces and banks, each quarter.
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