Interest Rates for Small Savings Schemes: Q2 FY 2024-25
In an important announcement, the Government of India has issued an office memorandum regarding the interest rates for Small Savings Schemes for the second quarter of the financial year 2024-25. The memorandum, dated June 28, 2024, confirms that the rates of interest on various Small Savings Schemes will remain unchanged for the period starting from July 1, 2024, to September 30, 2024.
Key Highlights:
- Unchanged Interest Rates: The interest rates for Small Savings Schemes for Q2 FY 2024-25 will remain the same as those notified for Q1 (April 1, 2024, to June 30, 2024).
- Effective Dates: The unchanged rates will be applicable from July 1, 2024, to September 30, 2024.
Official Communication:
This decision has been approved by the competent authority and was communicated by Mr. Kapil Patidar, Deputy Secretary (Budget) from the Ministry of Finance, Department of Economic Affairs.
