Small Saving Interest Rate: The government has given relief to the common people. The Modi government has announced the interest rate on small savings schemes. The government has not made any change in the interest rate of small savings schemes from July 1 to September 30, 2025.
It was expected that the government could reduce the interest on small savings schemes but it did not happen. Today, on Monday 30 June 2025, it has been announced that the interest rates of small savings schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC) and Post Office Fixed Deposit will not be changed.
How much interest will be received on small savings schemes?
The government’s small savings schemes are a good and safe investment option for the common people. This interest will be available on these schemes from 1 July to 30 September.
Post Office Savings Account: 4% interest
1 year Fixed Deposit: 6.9% interest
2 year FD: 7% interest
3 year FD: 7.1% interest
5 year FD: 7.5% interest (highest)
5-year Recurring Deposit (RD): 6.7% interest
Senior Citizen Savings Scheme (SCSS): 8.2% interest
Monthly Income Scheme: 7.4% interest
National Savings Certificate (NSC): 7.7% interest
Public Provident Fund (PPF): 7.1% interest
Sukanya Samriddhi Yojana (SSY): 8.2% interest (best scheme for daughters)
Kisan Vikas Patra (KVP): 7.5% interest, money will double in 115 months.
Were there chances of interest going down?
Most people expected that the government could reduce the interest on small savings schemes. This was because the Reserve Bank of India (RBI) cut the repo rate by a total of 1% since February 2025. The effect of this was that almost all the banks in the country reduced the interest rates on their fixed deposits and savings accounts. In such a situation, everyone was speculating that the government would also reduce the interest rate on small savings schemes, especially schemes like Sukanya Yojana. However, this has not happened. The government has not made any change in the interest on small savings schemes.
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