What are the most recent Submit Workplace Small Financial savings Scheme Curiosity Price Jan – March 2025? What’s the rate of interest for PPF, SSY, SCSS, KVP, or NSC schemes for 2025?
The Ministry of Financial Affairs is scheduled to announce the rates of interest for all Submit Workplace Small Saving Scheme Curiosity Charges on a quarterly foundation. In step with this, the division has communicated the related rates of interest for the Submit Workplace Small Financial savings Scheme for the interval of January to March 2025.
Beforehand, rates of interest had been introduced on an annual foundation. Nonetheless, ranging from the fiscal yr 2016-17, rates of interest will probably be decided on a quarterly foundation. I’ve beforehand authored a complete article on this subject, and I’m together with the hyperlink to that article beneath.
Beneath is the timetable for change in rates of interest for all Submit Workplace Financial savings Schemes.
Submit Workplace Small Financial savings Scheme Curiosity Price Jan – March 2025
On December 31, the Finance Ministry declared that the rates of interest for various small financial savings schemes will keep the identical for the quarter starting January 1, 2025.
The rates of interest for various Small Financial savings Schemes through the fourth quarter of FY 2024-25, which is able to start on January 1, 2025, and conclude on March 31, 2025, will stay according to these introduced for the third quarter (October 1, 2024, to December 31, 2024) of FY 2024-25, in keeping with a notification issued by the finance ministry.
Therefore, the relevant charge of Submit Workplace Small Financial savings Scheme Curiosity Price Jan – March 2025 is as beneath.
| Submit Workplace Financial savings Schemes Curiosity Charges January to March 2025 | |||
| Sl No. | Scheme Title | Present Curiosity Price | Revised Curiosity Price |
| 1 | Financial savings Deposit | 4.00% | 4.00% |
| 2 | Time period Deposit 1 Yr | 6.90% | 6.90% |
| 3 | Time period Deposit 2 Yrs | 7.00% | 7.00% |
| 4 | Time period Deposit 3 Yrs | 7.10% | 7.10% |
| 5 | Time period Deposit 5 Yrs | 7.50% | 7.50% |
| 6 | RD-5 Yrs | 6.70% | 6.70% |
| 7 | NSC-5 Yrs | 7.70% | 7.70% |
| 8 | Submit Workplace Month-to-month Revenue Scheme (MIS) | 7.40% | 7.40% |
| 9 | Public Provident Fund (PPF) | 7.10% | 7.10% |
| 10 | Senior Citizen Financial savings Scheme (SCSS) | 8.20% | 8.20% |
| 11 | Kisan Vikas Patra (KVP) | 7.50% | 7.50% |
| 12 | Sukanya Samriddhi Scheme (SSY) | 8.20% | 8.20% |
Notice – KVP will now double in 115 months.
I’ve tabulated the identical within the picture format additionally to your reference.
Options of Submit Workplace Financial savings Schemes
Now allow us to look on the Submit Workplace Small Financial savings Schemes options. This provides you with extra readability in choosing the proper product for you.
# Submit Workplace Financial savings Account
Like Financial institution Account, Submit Workplace additionally provides you the financial savings account to its clients. The few options are as beneath.
- Minimal Rs.500 is required to open the account.
- Account will be opened single, collectively, Minor (above 10 years of age), or a guardian on behalf of a minor.
- Minimal stability to be maintained in an account is INR 500/- , if stability Rs. 500 not maintained, a upkeep charge of 100 (100) rupees shall be deducted from the account on the final working day of every monetary yr and after deduction of the account upkeep charge, if the stability within the account turns into nil, the account shall stand mechanically closed.
- Cheque facility/ATM facility can be found
- Curiosity earned is Tax-Free as much as INR 10,000/- per yr from the monetary yr 2012-13
- Account will be transferred from one publish workplace to a different
- One account will be opened in a single publish workplace.
- Not less than one transaction of deposit or withdrawal in three monetary years is critical to maintain the account lively, else account turned silent (Dorment).
- Intra Operable Netbanking/Cellular Banking facility is out there.
- On-line Fund switch between Submit Workplace Financial savings Accounts/Cease Cheque/Transaction View facility is out there by Intra Operable Netbanking/Cellular Banking.
- The ability to hyperlink with IPPB Saving Account is out there.
- Funds Switch (Sweep in/Sweep out) facility is out there with IPPB Saving Account.
# Submit Workplace Fastened Deposits (FDs)
- Minimal of Rs.1,000 and in multiples of Rs.100. There is no such thing as a most restrict.
- FD tenure at the moment obtainable is 1 yr, 2 Yrs, 3 Yrs and 5 Yrs.
- Account will be opened single, collectively, Minor (above 10 years of age) or a guardian on behalf of minor.
- Account will be opened by money /Cheque and in case of Cheque the date of realization of cheque in Govt. account shall be date of opening of account.
- Account will be transferred from one publish workplace to a different
- Single account will be transformed into Joint and Vice Versa .
- Any variety of accounts will be opened in any publish workplace.
- Curiosity shall be payable yearly, No extra curiosity shall be payable on the quantity of curiosity that has turn into due for fee however not withdrawn by the account holder.
- The annual curiosity could also be credited to the financial savings account of the account holder at his choice.
- Untimely encashment not allowed earlier than expiry of 6 month, If closed between 6 month to 12 month from date of Opening, Submit Workplace Saving Accounts rate of interest will probably be payable.
- 5 Yrs FD is eligible for tax saving functions below Sec.80C.
# Submit Workplace Recurring Deposit (RD)
- Minimal is Rs.100 a month and in a number of of Rs.10. There is no such thing as a most restrict.
- Account will be opened single, collectively, Minor (above 10 years of age) or a guardian on behalf of minor.
- Tenure of RD is 5 years.
- Account will be opened by money / Cheque and in case of Cheque the date of deposit shall be date of clearance of Cheque.
- Untimely closure is allowed after three years from the date of opening of the account.
- Account will be transferred from one Submit Workplace to a different Submit Workplace.
- Subsequent deposit will be made as much as fifteenth day of subsequent month if account is opened as much as fifteenth of a calendar month and as much as final working day of subsequent month if account is opened between sixteenth day and final working day of a calendar month.
- If a subsequent deposit shouldn’t be made as much as the prescribed day, a default charge is charged for every default, default charge @ 1 Rs for each 100 rupee shall be charged. After 4 common defaults, the account turns into discontinued and will be revived in two months but when the identical shouldn’t be revived inside this era, no additional deposit will be made.
- If in any RD account, there’s a month-to-month default quantity, the depositor has to first pay the defaulted month-to-month deposit with default charge after which pay the present month deposit.
- There’s rebate on advance deposit of not less than 6 installments, Rs. 10 for six month and Rs. 40 for 12 months Rebate will probably be paid for the denomination of Rs. 100.
- One mortgage as much as 50% of the stability allowed after one yr. It might be repaid in a single lumpsum together with curiosity on the prescribed charge at any time through the forex of the account.
- Account will be prolonged for one more 5 years after it’s maturity.
# Submit Workplace Month-to-month Revenue Scheme (MIS)
- Most funding is Rs.9 lakh in a single account and Rs.15 lakh collectively (It’s revised through the Price range 2023). Earlier it was Rs.4.5 lakh for a single account and Rs.9 lakh for joint accounts.
- Account will be opened single, collectively, Minor (above 10 years of age) or a guardian on behalf of minor.
- Any variety of accounts will be opened in any publish workplace topic to most funding restrict by including stability in all accounts (Rs. 4.5 Lakh).
- Single account will be transformed into Joint and Vice Versa.
- Maturity interval is 5 years.
- Curiosity will be drawn by auto credit score into financial savings account standing at similar publish workplace,orECS./In case of MIS accounts standing at CBS Submit places of work, month-to-month curiosity will be credited into financial savings account standing at any CBS Submit places of work.
- Could be prematurely en-cashed after one yr however earlier than 3 years on the low cost of two% of the deposit and after 3 years on the low cost of 1% of the deposit. (Low cost means deduction from the deposit.).
- Curiosity shall be payable to the account holder on completion of a month from the date of deposit.
- If the curiosity payable each month shouldn’t be claimed by the account holder such curiosity shall not earn any extra curiosity.
# Submit Workplace Senior Citizen Financial savings Scheme (SCSS)
I’ve written an in depth publish on this. Check with the identical at ” Submit Workplace Senior Citizen Scheme (SCSS)-Advantages and Curiosity Price“.
Notice – Efficient from 1st April 2023, the utmost restrict is at the moment Rs.30 lakh. Earlier it was Rs.15 lakh. This modification occurred throughout Price range 2023.
# Public Provident Fund (PPF)
I’ve written varied posts on PPF. Refer the identical:-
# Nationwide Financial savings Certificates NSC (VIII Challenge)
- Minimal Rs.1,000 and in a number of of Rs.100.
- No most restrict.
- Account will be opened single, collectively, Minor (above 10 years of age) or a guardian on behalf of minor.
- Tax Profit below Sec.80C is out there.
- Tenure is 5 years.
# Kisan Vikas Patra (KVP) Account
- Minimal Rs.1,000 and in multiples of Rs.100. There is no such thing as a most restrict.
- Account will be opened single, collectively, Minor (above 10 years of age) or a guardian on behalf of minor.
- The cash will probably be double at maturity. Nonetheless, because the rate of interest modifications on a quarterly foundation. The maturity interval additionally varies as soon as in 1 / 4.
# Sukanya Samriddhi Account Yojana (SSY)
I’ve written varied posts on this. Refer the identical:-
Conclusion – Whereas inflation seems to be moderating, the federal government’s option to preserve rates of interest unchanged for all Submit Workplace Small Financial savings Schemes from January to March 2025 signifies a prudent technique. Nonetheless, the interaction of declining inflation and excessive rates of interest advantages traders, because it ensures that their investments will yield optimistic actual returns (Return on Funding minus Inflation Price).