This time there has been no change in the interest rates of these schemes. The new interest rates that have been declared will be applicable for the April and June quarter of the financial year 2025-26. According to this, the same interest rates will continue on small savings schemes from 1 April 2025, which were earlier.
However, after the Repo Rate cut by the Reserve Bank of India (RBI), it was expected that this time the interest on small savings schemes could be reduced, but it did not happen.
How much interest rate will be available on which scheme?
Interest rates on various small savings schemes for the quarter starting from 1 April 2025 will be as follows:
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7.1% interest will be available on PPF.
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7.7% interest will be available on NSC (National Savings Certificate).
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8.2% interest will be available on Senior Citizen Savings Scheme (SCSS).
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8.2% interest will be available on Sukanya Samriddhi Yojana (SSY).
These small savings schemes are also known as Post Office Scheme. According to the notification issued by the government, these rates will be implemented for the first quarter of the financial year 2025-26 (from 1 April 2025 to 30 June 2025). Interest rates for the fourth quarter (1 January 2025 to 31 March 2025) will remain the same as the previous quarter.
Finance Ministry Circular
The Department of Economic Affairs of the Ministry of Finance issued a circular on 28 March 2025, which told about the interest rates of post office schemes from 1 April 2025 to 30 June 2025. This circular is important for those who want to invest in small savings schemes and know which interest rate will apply for the next quarter.
The last time the interest rate of post office schemes was changed during the last quarter of the financial year 2023-24 (January to March 2024). At that time, the government had increased interest rates for three years of FD and Sukanya Samriddhi Yojana. The interest rate for three years FD was increased from 7% to 7.1%, while the interest of Sukanya Samriddhi Yojana was increased from 8% to 8.2%.
No change in interest rate from April 2024
From April 2024 till now, there has been no change in the interest rates of small savings schemes. The central government reviews and determines the interest rates of these schemes every three months. Interest rates on post office schemes are decided on the basis of the method suggested by the Shyamala Gopinath Committee.
According to the recommendation of the committee, the interest rates of various small savings schemes should be fixed within the radius of 25 to 100 basis points (1% = 100 basis points) from the yield of government bonds of equal duration. This method has been adopted so that the interest rates of small savings schemes become competitive and remain attractive to investors.
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The Post SSY Interest Rate: The government has announced interest rates on small savings schemes for the first quarter (April-June) of Financial Year 2025-26. First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
