F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 08.03.2024
OFFICE MEMORANDUM
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.
2. This has the approval of the competent authority.
(Kapil Patidar)
Deputy Secretary (Budget)
To,
Sl. No. |
Instrument / Scheme |
Rate of Interest from 01.04.2024 to 30.06.2024 |
1. |
Post Office Savings Account |
4.0 |
2. |
1 Year Time Deposit |
6.9 |
3. |
2 Year Time Deposit |
7.0 |
4. |
3 Year Time Deposit |
7.1 |
5. |
5 Year Time Deposit |
7.5 |
6. |
5 Year Recurring Deposit |
6.7 |
7. |
Senior Citizen Savings Scheme |
8.2 |
8. |
Monthly Income Account Scheme |
7.4 |
9. |
Sukanya Samriddhi Account Scheme |
8.2 |
10. |
Public Provident Fund Scheme |
7.1 |
11. |
National Savings Certificate |
7.7 |
12. |
Kisan Vikas Patra |
7.5 |
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