Small Saving Schemes: No Change In Interest Rates For PPF, SSY, SCSS For January-March 2025 Quarter; Check Interest Rates

The central government has decided to keep the interest rates unchanged for various small savings schemes during the January-March quarter of the financial year 2024-25 (Q4FY25). This announcement was made by the Union Finance Ministry, headed by Nirmala Sitharaman, on Tuesday, December 31, 2024. 

Small savings schemes, commonly referred to as post office schemes, encompass a variety of investment options such as the Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and the Post Office Monthly Income Scheme (POMIS), among others.

 

The Public Provident Fund (PPF) continues to be a popular choice for investors, offering a competitive interest rate of 7.1% along with attractive tax benefits and robust long-term savings potential. Notably, the interest rate remains unchanged for the quarter spanning January 1 to March 31, 2025, reinforcing its appeal as a stable and reliable investment option.

 

With an interest rate of 7.5%, this government-backed scheme offers a secure and attractive option for risk-averse investors. Notably, the investment doubles in just 115 months, making it a compelling choice for those seeking stability and steady growth. 

The Sukanya Samriddhi Yojana (SSY), introduced in 2015 under the Government's Beti Bachao, Beti Padhao campaign, stands out as a premier savings scheme supporting the welfare of girl children.

Offering a remarkable interest rate of 8.2%, it provides one of the highest returns among government-backed savings options, making it an excellent choice for secure, long-term growth. Meanwhile, the interest rate on a three-year term deposit remains at 7.1%, appealing to those seeking shorter-term investment stability.

The National Savings Certificate (NSC) remains a trusted option for moderate savings, providing a competitive interest rate of 7.7%. Known for its stability and assured returns, the NSC is ideal for investors seeking a secure and reliable investment over a fixed tenure.

 

The Senior Citizen Savings Scheme (SCSS), with an attractive interest rate of 8.2%, is an excellent choice for retirees seeking financial stability. Designed to offer high and steady returns, SCSS ensures a secure income stream during the retirement years, making it a reliable and rewarding investment option. (Image Credit: Freepik)