Small Savings Rates Stay the Same: What It Means for You This Quarter

Unknown Apr 02, 2026 950 Views

If you’re someone who likes the security of government-backed savings, here’s some good news. The government has decided not to change the interest rates for popular small savings schemes for the July to September 2025 quarter. This means your returns from options like the Public Provident Fund (PPF), National Savings Certificate (NSC), and Senior Citizen Savings Scheme (SCSS) will stay just as they were last quarter.

Key Points to Know

No Surprises This Quarter: The interest rates for all major small savings schemes remain unchanged. This is the sixth quarter in a row with no adjustments, even though the Reserve Bank of India has lowered its repo rate recently.

Why the Hold? The government reviews these rates every quarter, usually based on how government bond yields are moving. Despite a dip in market rates, the decision was made to keep things steady, which is a relief for many savers.

What’s the Current Rate? Here’s a quick look at what you’ll earn if you invest in these schemes this quarter:

Scheme Interest Rate (July–Sept 2025)

Public Provident Fund (PPF) 7.1%
National Savings Certificate (NSC) 7.7%
Senior Citizen Savings Scheme (SCSS) 8.2%
Sukanya Samriddhi Yojana 8.2%
Monthly Income Scheme 7.4%
Kisan Vikas Patra 7.5% (matures in 115 months)
Post Office Savings Deposit 4.0%
1-Year Time Deposit 6.9%
2-Year Time Deposit 7.0%
3-Year Time Deposit 7.1%
5-Year Time Deposit 7.5%
5-Year Recurring Deposit 6.7%

What Should You Do? If you’re already invested or thinking about putting money into these schemes, you don’t need to rush or change your plans. The rates are holding steady, so you can count on predictable returns for now.

A Bit of Background: The last time these rates were changed was back in the fourth quarter of 2023–24. These savings options remain a favorite for people who want low-risk, fixed returns.

Source: Times of India, Economic Times, Financial Express, Business Standard

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