The Indian government on Tuesday left interest rates on various small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), unchanged for the October-December quarter, extending a freeze that has lasted since early 2024.
“The rates of interest on various small savings schemes for the third quarter of FY 2025-26 … shall remain unchanged from those notified for the second quarter,” the finance ministry said in a notification.
Deposits under the Sukanya Samriddhi Yojana will continue to earn 8.2%, while three-year term deposits remain at 7.1%. The PPF rate is steady at 7.1% and the post office savings deposit at 4%.
The Kisan Vikas Patra will carry an interest rate of 7.5% with a maturity of 115 months. The NSC rate remains at 7.7%, while the monthly income scheme will continue to yield 7.4%.
This marks the seventh straight quarter of no change in small savings rates, which are reviewed and notified by the government every quarter. The last adjustment was in the January-March 2024 period.
Source: CNBC TV18
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