Post Office Savings Schemes Interest Rates January-March 2025

The Finance Ministry has announced the interest rates for small savings schemes, commonly known as post office savings schemes, for the fourth quarter of the financial year 2024-25, starting from January 1, 2025, to March 31, 2025. These schemes include the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Mahila Samman Savings Certificate, Kisan Vikas Patra, National Savings Certificate (NSC), Senior Citizen Savings Scheme (SCSS), and more.

Instrument Rate of interest from Jan to March 2025 (%)
Savings Deposit: 4
1 Year Time Deposit: 6.9
2 year Time Deposit: 7
3 year Time Deposit: 7.1
5 year Time Deposit: 7.5
5 Year Recurring Deposit: 6.7
Senior Citizen Savings Scheme: 8.2
Monthly Income Account Scheme: 7.4
National Savings Certificate: 7.7
Public Provident Fund Scheme: 7.1
Kisan Vikas Patra: 7.5 (Will mature in 115 months)
Sukanya Samriddhi Account: 8.2

"The rate of interest on various Small Savings Schemes for the fourth quarter of FY 2024-25 starting from 1st January, 2025 and ending on 31st March, 2025 shall remain unchanged from those notified for the third quarter (1st October, 2024 to 31st December, 2024) of FY 2024-25," said the Department of Economic Affairs, Finance Ministry via press release dated December 31, 2024.

How are small savings schemes interest rates determined?

The central government provides sovereign backing for post office schemes, guaranteeing their security. Interest rates for these small savings schemes undergo quarterly reviews and adjustments by the government. The interest rate determination follows the Shyamala Gopinath Committee's methodology. The committee stipulates that rates for various small savings programmes should be positioned 25-100 basis points above the corresponding government bond yields (where 100 basis points equals 1%). This structure ensures these programmes maintain their attractiveness to investors.