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.
This article shows you the latest Small Savings scheme rates as a ready reckoner for intvestors looking to invest in such schemes.
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 28-Jun-2024
Starting date: 01-Jul-2024
Ending date: 30-Sep-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
The direct link to the official notification page is here: link
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This post titled What are the latest Small Savings Scheme rates? first appeared on 30 Sep 2023 at https://arthgyaan.com