Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, other post office schemes
«The rates of interest on various Small Savings Schemes for the first quarter of FY 2024-25 starting from 1't April, 2024 and ending on 30th June, 2024 shall remain unchanged from those notified for the fourth quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24,» stated an office memorandum issued by the Ministry of Finance on March 8, 2024.”
Also read: Top post office schemes: These 9 small savings schemes offer above 7% interest rate
Latest interest rates of post office schemes
Recurring deposit
The Indian government regulates the National Saving Recurring Deposit Account (RD), a savings account that is intended primarily for small investors to help them save money for a variety of uses. This account, which has a Rs. 100 minimum deposit requirements, offers a convenient option for people who want to invest in the future without taking on a lot of risk.
Interest rate: The government offers 6.7% per year recurring deposit.
- Time deposits
There are four accounts available under the National Savings Time Deposit Scheme, each with a distinct maturity date. There are four different maturity periods for the accounts under this scheme: one, two, three, and five years. The account has to have a minimum balance of Rs 1,000 maintained at all times. Investments made in five-year accounts qualify for tax deductions under Section 80C of the Income Tax Act, 1961.
Interest rate:
Rate
1yr.A/c
6.9%
2yr.A/c
7.0%
3yr.A/c
7.1%
5yr.A/c
7.5 %
- Public Provident Fund Scheme
The minimum deposit is Rs.
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