New Delhi, Mar 28 (PTI) The government on Thursday said the interest rates on various small savings schemes will remain unchanged for the quarter beginning April 1, 2024.

"The rates of interest on various small savings schemes for the first quarter of FY 2024-25, starting from April 1, 2024, and ending on June 30, 2024, shall remain unchanged from those notified for the fourth quarter (January 1, 2024, to March 31, 2024) of FY 2023-24," said a finance ministry notification.

Also Read | Lok Sabha Election 2024: Mallikarjun Kharge, Sonia Gandhi and Rahul Gandhi To Release Congress Poll Manifesto in Jaipur on April 6.

As per the notification, deposits under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent.

The interest rates for popular PPF and post office savings deposits scheme too have been retained at 7.1 per cent and 4 per cent, respectively.

Also Read | PM Narendra Modi-Bill Gates in Freewheeling Chat, AI to Climate Change Discussed (Watch Video).

The interest rate on the Kisan Vikas Patra will be 7.5 per cent, and the investments will mature in 115 months.

The interest rate on the National Savings Certificate (NSC) will remain at 7.7 per cent for the April-June 2024 period.

Like the current quarter, the Monthly Income Scheme will earn 7.4 per cent for investors.

The government notifies the interest rates on small savings schemes, majorly operated by post offices, every quarter.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)