Order No. F.No.Val20L9-NS Government of India Ministry of Finance Department of Economic Affairs dated 08-03-2024: The interest rate for several small savings schemes will remain unchanged for April-June 2024 quarter of the upcoming financial year.
| Small savings schemes | Interest rates for April-June 2024 |
|---|---|
| Savings deposits | 4 |
| 1 year time deposits | 6.9 |
| 2 year time deposits | 7 |
| 3 year time deposits | 7.1 |
| 5 year time deposits | 7.5 |
| 5 year recurring deposits | 6.7 |
| Monthly income account scheme | 7.4 |
| National savings certificate | 7.7 |
| Senior citizen savings scheme | 8.2 |
| Public provident fund scheme | 7.1 |
| Kisan Vikas Patra | 7.5 |
| Sukanya Samriddhi Account | 8.2 |
In a memorandum issued on March 8, the Ministry of Finance said, “The rates of interest on various Small Savings Schemes for the first quarter of FY 2024-25 starting from 1st April, 2024 and ending on 30th June, 2024 shall remain unchanged from those notified for the fourth quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24.”
