What are the latest Small Savings Scheme rates?
This article shows you the latest Small Savings scheme rates as a ready reckoner for intvestors looking to invest in such schemes.
What are the latest Small Savings Scheme rates?
Posted on 30 Sep 2023 • Updated on: 30 Sep 2024
Author: Sayan Sircar
4 mins read
📢Join 3500+ readers on WhatsApp and get new post notifications!
This article shows you the latest Small Savings scheme rates as a ready reckoner for intvestors looking to invest in such schemes.
📚 Topics covered:
- What are the latest Small Savings Scheme rates?
- Where is the latest Small Savings Scheme notification?
What are the latest Small Savings Scheme rates?
Small savings schemes include post office deposits, Monthly Income Account Scheme (MIS), Senior Citizen Savings Scheme (SCSS), National Savings Certificate (NSC), Public Provident Fund (PPF) scheme, Kisan Vikas Patra (KVP), and Sukanya Samriddhi Account (SSA) Scheme.
Rates updated on 30-Sep-2024
Starting date: 01-Oct-2024
Ending date: 31-Dec-2024
| Instrument | Rate of interest |
|---|---|
| Saving Deposit | 4.0% |
| 1 Year Time Deposit | 6.9% |
| 2 Year Time Deposit | 7.0% |
| 3 Year Time Deposit | 7.1% |
| 5 Year Time Deposit | 7.5% |
| 5 Year Recurring Deposit | 6.7% |
| Senior Citizen Savings (SCSS) | 8.2% |
| Monthly Income Scheme (MIS) | 7.4% |
| National Savings Certificate (NSC) | 7.7% |
| Public Provident Fund (PPF) | 7.1% |
| Kisan Vikas Patra (KVP) | 7.5% (will mature in 115 months) |
| Sukanya Samriddhi Account (SSA) | 8.2% |
Source:: https://dea.gov.in/budgetdivision/interest-rates
Where is the latest Small Savings Scheme notification?
The direct link to the official notification page is here: link
Related Articles
- How to choose debt instruments for retirement?
- What are the best options to invest post retirement in 2023 in India?
- How can children help their retired parents to set up their finances?
What's next? You can join the Arthgyaan WhatsApp community
You can stay updated on our latest content and learn about our webinars. Our community is fully private so that no one, other than the admin, can see your name or number. Also, we will not spam you.For resident Indians 🇮🇳:
For NRIs 🇺🇸🇬🇧🇪🇺🇦🇺🇦🇪🇸🇬:
Share on WhatsApp: To understand how this article can help you:
If you have a comment or question about this article
The following button will open a form with the link of this page populated for context:If you liked this article, please leave us a rating
The following button will take you to Trustpilot:Discover an article from the archives
Previous and next articles:
Latest articles:
Topics you will like:
Next steps:
1. Email me with any questions.
2. Use our goal-based investing template to prepare a financial plan for yourself.Don't forget to share this article on WhatsApp or Twitter or post this to Facebook.
Discuss this post with us via Facebook or get regular bite-sized updates on Twitter.
More posts...Disclaimer: Content on this site is for educational purpose only and is not financial advice. Nothing on this site should be construed as an offer or recommendation to buy/sell any financial product or service. Please consult a registered investment advisor before making any investments.
This post titled What are the latest Small Savings Scheme rates? first appeared on 30 Sep 2023 at https://arthgyaan.com
We are currently at 505 posts and growing fast. Search this site: Copyright © 2021-2024 Arthgyaan.com. All rights reserved.