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The federal government on Thursday stated the rates of interest on numerous small financial savings schemes will stay unchanged for the quarter starting April 1, 2024.
“The charges of curiosity on numerous small financial savings schemes for the primary quarter of FY 2024-25, ranging from April 1, 2024, and ending on June 30, 2024, shall stay unchanged from these notified for the fourth quarter (January 1, 2024, to March 31, 2024) of FY 2023-24,” stated a finance ministry notification.
As per the notification, deposits underneath the Sukanya Samriddhi scheme will appeal to 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.
The rates of interest for common PPF and put up workplace financial savings deposits scheme 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 April-June 2024 interval. Like the present quarter, the Month-to-month Earnings Scheme will earn 7.4 per cent for traders.
The federal government notifies the rates of interest on small financial savings schemes, majorly operated by put up workplaces, each quarter.
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