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Interest rates on Small Savings Schemes remain unchanged for Q1FY25

Published on March 15, 2024
Current Context: The interest rates on various small savings schemes for the first quarter of the next fiscal, beginning April 1, 2024, have been left unchanged by the government. 
Interest rates on Small Savings Schemes remain unchanged for Q1FY25
  • Here are the interest rates for some of the popular schemes:
    • Public Provident Fund (PPF): 7.1%
    • Savings Deposits: 4%
    • Kisan Vikas Patra: 7.5% (Investments will mature in 115 months)
    • National Savings Certificate (NSC): 7.7%
    • Monthly Income Scheme: 7.4%
    • Sukanya Samriddhi Account: 8.2%
    • Senior Citizens Saving Scheme: 8.2%
  • These rates offer a range of options for investors seeking returns on their savings during this period.

Question:

Q.1 Which scheme has the highest interest rate?
a. Savings Deposits
b. Monthly Income Scheme
c. Sukanya Samriddhi Account
d. National Savings Certificate (NSC)
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