The Government of India’s Ministry of Finance has announced the continuation of unchanged interest rates for small savings schemes from April 1, 2025, to June 30, 2025. This decision maintains the rates introduced in the previous quarter (January 1, 2025, to March 31, 2025). Key rates include a 4.0% interest on Savings Deposits, 7.0% on 2 and 3 Year Time Deposits, and 8.2% on the Senior Citizen Savings Scheme. The Ministry’s Office Memorandum emphasizes the stability of rates underpinning various financial instruments during the first quarter of the fiscal year 2025-26.
Revised Small Savings Schemes Interest Rate Table for January to March 2025
| Instrument | Rates of interest from 01.04.2025 to 30.06.2025 | Rates of interest from 01.01.2025 to 31.03.2025 |
| Savings Deposit | 4.0 | 4.0 |
| 1 Year Time Deposit | 6.9 | 6.9 |
| 2 Year Time Deposit | 7.0 | 7.0 |
| 3 Year Time Deposit | 7.0 | 7.1 |
| 5 Year Time Deposit | 7.5 | 7.5 |
| 5 Year Recurring Deposit | .6.7 | 6.7 |
| Senior Citizen Savings Scheme | 8.2 | 8.2 |
| Monthly Income Account Scheme | 7.4 | 7.4 |
| National Savings Certificate | 7.7 | 7.7 |
| Public Provident Fund Scheme | 7.1 | 7.1 |
| Kisan Vikas Patra | 7.5 (will mature in 115 months) | 7.5 (will mature in 115 months) |
| Sukanya Samriddhi Account Scheme |
8.0 | 8.2 |
F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
*****
North Block, New Delhi
Dated: 28.03.2025
OFFICE MEMORANDUM
Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the first quarter of FY 2025-26 starting from 1St April, 2025 and ending on 30th June, 2025 shall remain unchanged from those notified for the fourth quarter (15t January, 2025 to 31st March, 2025) of FY 2024-25.
2. This has the approval of the competent authority.
To,
| 1. The Finance Secretary & Secretary, Department of Economic Affairs, North Block, New Delhi. | 2. The Secretary, Department of Posts Dak Bhawan, New Delhi. |
| 3. The Secretary, Department of Expenditure North Block, New Delhi. | 4. The Secretary, Department of Investment and Public Asset Management, CGO complex, New Delhi |
| 5. The Secretary, Department of Financial Services, Jeevan Deep Building, New Delhi. |
6. The Secretary, Department of Revenue, North Block, New Delhi. |
| 7. The Chief General Manager (DGBA), Reserve Bank of India, Central Office, Mumbai. | 8. The Chief General Manager, Central Account Section, Reserve Bank of India, Additional Office Building, East High Court Road, Civil Lines, P.B. No.15, Nagpur — 440 001. |
| 9. Chief Secretaries of State / UT Government. | 10. The Joint Director, National Savings Institute, New Delhi. |
Also Read:
