Government keeps small-savings interest rates steady for Oct-Dec quarter
The Finance Ministry announced that interest rates on all small-savings schemes will remain unchanged for the October-December period, marking a tenth consecutive quarter of stability.
In a notification issued on Wednesday, the Finance Ministry confirmed that interest rates on a suite of small-savings products will remain at the levels established for the July-September quarter. The Sukanya Samriddhi Scheme will continue to earn 8.2%, while three-year term deposits stay at 7.1%. The Public Provident Fund also remains at 7.1%, and the National Savings Certificate at 7.7%.
Kisan Vikas Patra’s rate is fixed at 7.5% with a maturity of 115 months, and the post office monthly income scheme will yield 7.4% for the period. This marks the tenth consecutive quarter with no rate changes, the previous adjustment having been made in the fourth quarter of FY 2023-24. The unchanged rates affect deposits made from October 1 through December 30, 2026, and are administered by post offices and banks.
Why it matters
Stable rates affect millions of savers and influence the broader financial market.
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