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Small-saving schemes to continue earning the same return

PPF, NSC and other small-saving schemes to generate the same return for April to June 2024 as they did for the previous quarter

Small-saving schemes to continue earning the same return

Interest rates for small-savings schemes remain the same, except Sukanya Samriddhi Yojana and a three-year post-office time deposit.

Interest rate of small-saving schemes

Scheme Apr-Jun, 2024 Jan-Mar, 2024 Oct-Dec, 2023 Jul-Sep, 2023 Apr-Jun, 2023 Jan-Mar, 2023 Oct-Dec, 2022
PORD 5 year 6.7 6.7 6.7 6.5 6.2 5.8 5.8
POTD 1 year 6.9 6.9 6.9 6.9 6.8 6.6 5.5
POTD 2 year 7 7 7 7 6.9 6.8 5.7
POTD 3 year 7.1 7.1 7 7 7 6.9 5.8
POTD 5 year 7.5 7.5 7.5 7.5 7.5 7 6.7
POMIS 7.4 7.4 7.4 7.4 7.4 7.1 6.7
PPF 7.1 7.1 7.1 7.1 7.1 7.1 7.1
SSY 8.2 8.2 8 8 8 7.6 7.6
SCSS 8.2 8.2 8.2 8.2 8.2 8 7.6
NSC 7.7 7.7 7.7 7.7 7.7 7 6.8
KVP 7.5 7.5 7.5 7.5 7.5 7.2 7
RBI Floating Rate Bonds 8.05 8.05 8.05 8.05 7.35 7.35 7.15
PMVVY* 7.4 7.4 7.4 7.4 7.4 7.4 7.4
PORD - Post Office Recurring Deposit
POTD - Post Office Time Deposit
POMIS - Post Office Monthly Income Scheme
SCSS - Senior Citizen Savings Scheme
NSC - National Savings Certificate
KVP - Kisan Vikas Patra
SSY - Sukanya Samriddhi Yojana
PMVVY - Pradhan Mantri Vaya Vandana Yojana
*The interest rate mentioned is for investments made until March 2023, as PMVVY was discontinued after that.

SBI FD rates

Tenors General public Senior citizens
7 days to 45 days 3.5 4
46 days to 179 days 4.75 5.25
180 days to 210 days 5.75 6.25
211 days to less than 1 year 6 6.5
1 year to less than 2 years 6.8 7.3
2 years to less than 3 years 7 7.5
3 years to less than 5 years 6.75 7.25
5 years and up to 10 years 6.5 7.50*
Interest rates are applicable for a deposit of below Rs 2 crore, as on March 29, 2024. *Including additional premium of 50 bps under "SBI Wecare" deposit scheme.

To get a comprehensive overview of the savings and investment options in India, click here.


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