{"id":7210,"date":"2024-09-30T22:09:05","date_gmt":"2024-09-30T16:39:05","guid":{"rendered":"https:\/\/namaskaraindia.com\/?p=7210"},"modified":"2024-09-30T22:09:11","modified_gmt":"2024-09-30T16:39:11","slug":"small-savings-schemes-interest-rates-unchanged-for-q4-2024","status":"publish","type":"post","link":"https:\/\/namaskaraindia.com\/small-savings-schemes-interest-rates-unchanged-for-q4-2024\/","title":{"rendered":"Interest Rates for Small Savings Schemes Remain Unchanged for October-December 2024 Quarter"},"content":{"rendered":"\n<p>The Central Authorities has determined to take care of the present rates of interest for all small financial savings schemes for the October-December 2024 quarter. Because of this well-liked <a href=\"https:\/\/namaskaraindia.com\/start-up-formation-guide-tips-business-success\/\">funding<\/a> schemes just like the <strong>Sukanya Samriddhi <a href=\"https:\/\/namaskaraindia.com\/rojgar-sangam-yojana-apply-now\/\">Yojana<\/a> (SSY)<\/strong>, <strong><a href=\"https:\/\/namaskaraindia.com\/govts-fraud-detection-system-blocking-135-crore-calls-daily-saving-rs-2500-crore-of-public-assets-scindia\/\">Public<\/a> Provident <a href=\"https:\/\/namaskaraindia.com\/whiteboard-capital-funded\/\">Fund<\/a> (PPF)<\/strong>, <strong>Senior Residents Savings <a href=\"https:\/\/namaskaraindia.com\/how-to-start-a-solar-energy-plant-business\/\">Scheme<\/a> (SCSS)<\/strong>, and others will proceed to supply the identical returns as within the earlier quarter.<\/p>\n\n\n\n<p>In an official announcement made by the Finance Ministry on <strong>September 30, 2024<\/strong>, <a href=\"https:\/\/namaskaraindia.com\/10-in-demand-it-business-ideas-to-watch\/\">it<\/a> was confirmed that the rates of interest for these schemes will stay unchanged. The choice impacts quite a lot of funding choices, together with the <strong>Nationwide Savings Certificates (NSC)<\/strong>, <strong>Publish Workplace Time Deposits (POTD)<\/strong>, <strong>Mahila Samman Savings Certificates<\/strong>, and the <strong>Publish Workplace Month-to-month Earnings Scheme (POMIS)<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namaskaraindia.com\/small-savings-schemes-interest-rates-unchanged-for-q4-2024\/#Present_Interest_Rates_for_Small_Savings_Schemes_October-December_2024\" title=\"Present Interest Rates for Small Savings Schemes (October-December 2024)\">Present Interest Rates for Small Savings Schemes (October-December 2024)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namaskaraindia.com\/small-savings-schemes-interest-rates-unchanged-for-q4-2024\/#No_Adjustments_in_Rates_Since_Final_Revision\" title=\"No Adjustments in Rates Since Final Revision\">No Adjustments in Rates Since Final Revision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namaskaraindia.com\/small-savings-schemes-interest-rates-unchanged-for-q4-2024\/#Tax_Advantages_and_Authorities_Assure\" title=\"Tax Advantages and Authorities Assure\">Tax Advantages and Authorities Assure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namaskaraindia.com\/small-savings-schemes-interest-rates-unchanged-for-q4-2024\/#Quarterly_Analysis\" title=\"Quarterly Analysis\">Quarterly Analysis<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Present_Interest_Rates_for_Small_Savings_Schemes_October-December_2024\"><\/span>Present Interest Rates for Small Savings Schemes (October-December 2024)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Right here\u2019s a take a look at the rates of interest for well-liked schemes for the third quarter of the fiscal yr 2024-25:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sukanya Samriddhi Account Scheme (SSY)<\/strong>: 8.2% each year<\/li>\n\n\n\n<li><strong>Senior Residents Savings Scheme (SCSS)<\/strong>: 8.2% each year<\/li>\n\n\n\n<li><strong>Public Provident Fund (PPF)<\/strong>: 7.1% each year<\/li>\n\n\n\n<li><strong>Nationwide Savings Certificates (NSC)<\/strong>: 7.7% each year<\/li>\n\n\n\n<li><strong>Publish Workplace Month-to-month Earnings Scheme (POMIS)<\/strong>: 7.4% each year<\/li>\n\n\n\n<li><strong>Mahila Samman Savings Certificates<\/strong>: 7.5% each year<\/li>\n\n\n\n<li><strong>Publish Workplace Recurring Deposit Account<\/strong>: 6.7% each year<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_Adjustments_in_Rates_Since_Final_Revision\"><\/span>No Adjustments in Rates Since Final Revision<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The final revision of rates of interest occurred on <strong>December 31, 2023<\/strong>, and since then, the federal government has maintained a gentle price. Notably, the <strong>Public Provident Fund (PPF)<\/strong>, a favourite amongst long-term traders, has retained its rate of interest of seven.1% for a number of quarters. The speed has remained unchanged for the reason that second quarter of the 2020-2021 monetary yr, when it was decreased from 7.9%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_Advantages_and_Authorities_Assure\"><\/span>Tax Advantages and Authorities Assure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All these small financial savings schemes are backed by the Central Authorities, making them a protected and safe funding choice with a <strong>sovereign assure<\/strong>. Traders additionally get pleasure from <strong>tax-saving advantages underneath Part 80C of the Earnings Tax Act, 1961<\/strong>, for schemes like NSC, SCSS, and PPF.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quarterly_Analysis\"><\/span>Quarterly Analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The federal government revises the rates of interest on small financial savings schemes each quarter, contemplating the prevailing financial situations. Though many traders had been hoping for a hike in charges, significantly for PPF, the choice to maintain charges unchanged ensures stability for these counting on these schemes for safe returns.<\/p>\n\n\n\n<p>With ambitious rates of interest and the added <a href=\"https:\/\/namaskaraindia.com\/exciting-news-property-indexation-benefit-is-back-to-save-homeowners-money\/\">benefit<\/a> of tax advantages, these small financial savings schemes proceed to be a horny choice for risk-averse traders.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p> &#8230; <a title=\"Interest Rates for Small Savings Schemes Remain Unchanged for October-December 2024 Quarter\" class=\"read-more\" href=\"https:\/\/namaskaraindia.com\/small-savings-schemes-interest-rates-unchanged-for-q4-2024\/\" aria-label=\"Read more about Interest Rates for Small Savings Schemes Remain Unchanged for October-December 2024 Quarter\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7211,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[7],"tags":[2650,2647,2652,2651,2648,2649,2645,2646,2653],"class_list":["post-7210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-news","tag-mahila-samman-savings-certificate","tag-nsc","tag-pomis","tag-post-office-monthly-income-scheme","tag-post-office-time-deposit","tag-potd","tag-scs","tag-tnational-savings-certificate","tag-term-deposit","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/namaskaraindia.com\/wp-content\/uploads\/2024\/09\/PPF-SCSS-SSY-Government-keeps-interest-rates-unchanged-for-all.jpg?fit=1200%2C675&ssl=1","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/peS26G-1Si","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/posts\/7210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/comments?post=7210"}],"version-history":[{"count":1,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/posts\/7210\/revisions"}],"predecessor-version":[{"id":7212,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/posts\/7210\/revisions\/7212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/media\/7211"}],"wp:attachment":[{"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/media?parent=7210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/categories?post=7210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/tags?post=7210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}