Interest rates on Small Savings Schemes remain unchanged for Q1FY25

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. 

• 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)