Small Savings Schemes: Know Interest Rates For PPF, SSY, SCSS For Fourth Quarter of FY25

The interest rates for Small Savings Schemes for the fourth quarter of the ongoing fiscal (FY 2024-25) have been announced. The interest rates have been kept unchanged for small savings schemes, according to a notification by the Ministry of Finance.

“The rates of interest on various small savings schemes for the fourth quarter of FY 2024-25, starting from January 1, 2025, and ending on March 31, 2025, shall remain unchanged from those notified for the third quarter (October 1, 2024, to December 31, 2024) of FY 2024-25,” the notification said.

What Is The Interest Rate For PPF, SSY and SCSS For Q4 FY25?

The interest rates for schemes such as the Public Provident Fund (PPF) and post office savings deposits have been kept at 7.1 per cent and 4 per cent, respectively.

The interest rate for Kisan Vikas Patra (KVP) has been retained at 7.5 per cent with investments maturing in 115 months (Nearly 10 years). The interest rate for the Post Office Monthly Income Scheme (PO-MIS) has been kept at 7.4 per cent.

The Senior Citizen Savings Scheme (SCSS) which provides a regular income stream for senior citizens in retirement will continue to have an interest rate of 8.2 per cent. The scheme is aimed at providing higher returns to senior citizens to help them in achieving financial security.

The National Savings Certificate (NSC), a fixed-income investment option, will continue to earn an interest rate of 7.7 per cent. As in the current quarter, the Post Office Monthly Income Scheme remains at 7.4 per cent, providing a safe investment option with moderate returns.

The interest rate for the Sukanya Samriddhi Yojana (SSY) has been retained at 8.2 per cent. The three-year term deposit rate for the scheme is 7.1 per cent. The SSY scheme is a part of the Centre’s ‘Beti Bachao, Beti Padhao’ campaign.

The interest rate for the ​ National Savings Recurring Deposit scheme, which allows investors to make fixed monthly contributions has been retained at 6.7 per cent.

The interest rates for small savings schemes such as the Public Provident Fund (PPF) and National Savings Certificate (NSC) are calculated for each quarter by the Ministry of Finance. A formula linked to the yields generated by government securities with similar maturity periods is used to calculate the interest rate for the small savings schemes.