Sukanya Samriddhi Scheme, 3-yr Term Deposit, and more, Small savings schemes' interest rates hiked up to 20 bps for Q4FY24!
Goverment Scheme
Sukanya Samriddhi Scheme: The Centre on Friday hiked the interest rates of some of the small savings schemes, such as Sukanya Samriddhi Scheme, 3-year Time Deposit, for the January-March 2024 quarter. In a notification, the Union finance ministry said that the interest rates of most schemes were at the same level, with minor tweaks for the Sukanya Samriddhi Scheme and 3-year time deposit.
As per the latest revised list, the interest rate of Sukanya Samriddhi Scheme will be 8.2%, while for 3-year TD it would be 7.1% for the last quarter of the current fiscal.
Earlier, the interest rates for Sukanya Samriddhi Scheme and 3-year TD were 8.0%, 7.1%, respectively.
The PPF rates were kept unchanged for more than 3 years.
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