Small Savings Schemes interest rates from Oct 2024 to Dec 2024
F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 30.09.2024
OFFICE MEMORANDUM
Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the third quarter of FY 2024-25 starting from 1st October, 2024 and ending on 31st December, 2024 shall remain unchanged from those notified for the second quarter (1 July, 2024 to 30th September, 2024) of FY 2024-25.
This has the approval of the competent authority.
(Vishnukanth P.B)
Director (Budget)
| Instrument | Rates of interest |
|---|---|
| Savings Deposit | 4 |
| 1 Year Time Deposit | 6.9 |
| 2 Year Time Deposit | 7 |
| 3 Year Time Deposit | 7.1 |
| 4 Year Time Deposit | 7.5 |
| 5 Year Recurring Deposit | 6.7 |
| Senior Citizen Savings Scheme | 8.2 |
| Monthly Income Account Scheme | 7.4 |
| National Savings Certificate | 7.7 |
| Public Provident Fund Scheme | 7.1 |
| Kisan Vikas Patra | 7.5 (will mature in 115 months) |
| Sukanya Samriddhi Account Scheme | 8.2 |
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