Priyanka Tiwari
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Suspense crime, Digital Desk : For millions of small investors in India, a sense of relief and predictability can be expected for the upcoming quarter. The government has announced its interest rates for various small savings schemes for the July-September quarter, bringing good news for those who rely on these instruments for secure returns: the rates for popular schemes like the Public Provident Fund (PPF) and National Savings Certificates (NSC) will remain unchanged.
This decision means that the PPF will continue to offer an attractive 7.1% interest, while the NSC will hold steady at 7.7%. The stability extends across a wide range of other government-backed schemes as well. The Sukanya Samriddhi Yojana (SSY), a crucial savings tool for girl children, will maintain its robust 8.2% rate. Similarly, the Senior Citizen Savings Scheme (SCSS) will continue to provide 8.2%, offering a reliable income source for retirees.
Other schemes seeing no change include the Kisan Vikas Patra (KVP) at 7.5% (maturing in 115 months), the Monthly Income Scheme (MIS) at 7.4%, and the popular Recurring Deposit (RD) at 6.7%. Even the basic Savings Deposit Scheme (SGS) will continue with its 4% interest rate.
This consistent approach from the government offers a predictable landscape for financial planning, especially for risk-averse investors who prioritize capital safety over high, volatile returns. In a fluctuating market environment, the fixed and dependable returns from these small savings schemes provide a crucial anchor for long-term goals such as retirement planning, children's education, or simply building a secure financial future. The quarterly review of these rates is a standard practice, and for this upcoming period, the message to savers is clear: your investments in these secure instruments will continue to yield stable returns.
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