Will investors of PPF-Sukanya Samriddhi and other small savings schemes get a gift in 2025?

Small Saving Schemes Rates: Will investors investing in small savings schemes get any gift in the new year 2025? Will the Finance Ministry increase the interest rates of small savings schemes like Sukanya Samriddhi Yojana and Public Provident Fund? The Finance Ministry will announce new interest rates for the fourth quarter of the financial year 2024-25 from January to March on 31 December 2024.

Decision on interest rates on December 31

The Department of Economic Affairs of the Finance Ministry will announce the new interest rates of post office deposit schemes including PPF, Sukanya Samriddhi Yojana for the fourth quarter January to March of the financial year 2024-25 on 31 December 2024. There was no change in the interest rates even for the third quarter of the current financial year, October to December. Now investors are keeping an eye on whether the government makes any changes in the interest rates of small savings schemes in the fourth quarter from January 1, 2025 to March 31, 2025.

8.2% interest on Sukanya Samriddhi Yojana

In the third quarter, 8.2 percent interest was paid on Sukanya Samriddhi Yojana. Currently, 8.2 percent interest is available on Senior Citizen Saving Scheme, 7.7 percent interest on National Saving Certificate and 7.5 percent interest on Kisan Vikas Patra. 4% interest is available on Post Office Savings Deposit, 6.9% on 1 year time deposit, 7% on 2 year time deposit and 7.1% on 3 year time deposit. 7.5 percent interest is available on 5 year deposit and 6.7 percent interest is available on 5 year recurring deposit.

PPF investors will get good news!

The government has increased the interest rates of all small savings schemes in the last two years but there has been no change in the interest rates of PPF (Public Provident Fund) from the first quarter of the financial year 2020-21. 8.2 percent interest is being given on Sukanya Samriddhi Yojana but investors are getting only 7.1 percent interest rate on Public Provident Fund. In such a situation, the question arises whether the government will give the gift of increase in interest rates to the investors of Public Provident Fund in the fourth quarter.

There will be change in the rates of small savings scheme!

It is a matter of relief for the people investing in small savings schemes that in the first week of December, the Reserve Bank of India has not made any change in its policy rates while announcing the monetary policy. However, the process of reducing interest rates has started in many countries of the world. It is believed that in February 2025, the Reserve Bank of India may take a decision to cut the repo rate in its monetary policy. In such a situation, the chances of any change in interest rates in the fourth quarter seem very slim.

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