Govt did not give any gift on small savings schemes?
The government did not give any gift on the interest of small savings schemes and the interest you get will remain the same. The Department of Economic Affairs, Ministry of Finance today announced the decision on interest rates for the third quarter of small savings schemes. In this, no change has been made in the interest rates of small savings schemes even in the third quarter between 1 october 2024 to 31 december 2024.
No difference in interest of PPF and sukanya Samriddhi Yojana
This means that there will be no difference in the interest rates of PPF i.e. Public Provident Fund and sukanya Samriddhi Yojana and you will get interest at the old rates only. Let us tell you that there has been no change in the interest of PPF since the first quarter of the financial year 2020-21.
Know how much interest is being given in small savings schemes
4% on Post office Savings Account
7.4% on Post office Monthly Income Scheme
7.5% on Kisan Vikas Patra
7.1% on Public Provident Fund
8.2% on sukanya Samriddhi Yojana
7.7% on National Savings Certificate
8.2% on Senior Citizen Savings Scheme
It is clear from this that the highest interest is 8.2% on sukanya Samriddhi Yojana and 8.2% on Senior Citizen Savings Scheme.
Finance Ministry took decision today
The Finance Ministry has taken this decision today on 30 september 2024 after reviewing the interest rates of small savings schemes like Kisan Vikas Patra (KVP), Public Provident Fund (PPF), National Savings Certificate (NSC). Interest rates on small savings schemes range from 4% to 8.2%. Currently, Public Provident Fund (PPF) is getting 7.1 percent interest rate and sukanya Samriddhi Yojana is getting 8.2 percent interest rate. Interest rates on small savings schemes including PPF, NSC and KVP are reviewed every three months. The government had earlier increased the interest rates in december 2023.
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