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Government keeps the interest rates unchanged on various small savings schemes for April-June 2024; know latest rates on PPF, post office deposits, Sukanya Samriddhi Yojana, Kisan Vikas Patra
The interest rate of 8.25 per cent on EPF is now higher as compared to small savings schemes like PPF, Sukanya Samriddhi Yojana and post office deposits, which offer up to 8.2 per cent annually
In a notification, the Union finance ministry said that the interest rates of most schemes were at the same level, with some changes in the Sukanya Samriddhi Scheme and 3-year time deposit scheme.
The government has kept interest rates on small savings schemes unchanged, except for 3-year time deposits on which the rate has been hiked by 10 basis points
Going by the G-Sec yields trend, the interest rates on small savings schemes are likely to be raised, says an expert, Small Savings Schemes: Govt Likely To Hike Interest Rates For January-March 2024