Govt keeps interest rates on small savings schemes unchanged for ninth quarter

New Delhi, Jun 30: The government on Tuesday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the ninth straight quarter, beginning July 1, 2026.

“The rates of interest on various Small Savings Schemes for the second quarter of FY 2026-27, starting from July 1, 2026, and ending on September 30, 2026, shall remain unchanged from those notified for the first quarter (March 1, 2026, to June 30, 2026) of FY 2026-27,” the Finance Ministry said in a notification.

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 in the current quarter.

The interest rates for popular public provident fund (PPF) and post office savings deposit schemes have been retained at 7.1 per cent and 4 per cent, respectively.

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 stay at 7.7 per cent for the July-September quarter.

Like the current quarter, the monthly income scheme will earn 7.4 per cent for investors in the second quarter as well.

With this, the interest rates on small savings schemes, mainly operated by post offices and banks, have been left unchanged for the ninth consecutive quarter.

The government last changed the interest rate on some schemes in the fourth quarter of 2023-24. (PTI)

Hot this week

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Meghalaya Assembly panel vows action on public grievances in WGH  

Shillong, June 30: The Committee on Petitions of the...

Govt abolishes provision for ad-hoc appointment

Genuine short-term requirement can be met through contractual appointments:...

1 dead in fire at naphtha pipeline in West Bengal

Haldia/Kolkata, June 30: One person died, and more than...

Centre sanctions Rs 1100 cr to state for VB-G RAM G work  

Roads, Anganwadi centres, school buildings prioritised under new Act   Shillong,...

West Garo Hills, North Garo Hills begin electoral roll revision

Awareness held in East Garo Hills on SIR Tura, June...

Pressure group urges active participation in SIR

Shillong, June 30: The Confederation of Meghalaya Social Organisations...

Ethanol plant in Meghalaya’s Byrnihat not polluting environment: PCB

Shillong, June 30: The Meghalaya State Pollution Control Board...

Lone CHC in Umsning faces facility, doctor shortage

Headmen forum writes to Health minister, seeks upgrades Shillong, June...
spot_img

Related Articles

Popular Categories