The government on Friday, December 29, announced the interest rates on small savings schemes for the January-March 2024 quarter. Sukanya Samriddhi Yojana has increased by 0.20% and 3 year time deposit rates by 0.10%. The rates of other schemes have not been changed.

Earlier on September 29, the government had increased the rates on RD by 0.20% for October-December. Earlier the interest rate of Sukanya Scheme was 8% and the interest rate of three year time deposit was 7%. This is the sixth consecutive quarter when the rates of these schemes have increased.

The Finance Ministry had not changed the interest rates of small savings schemes for nine consecutive quarters. After this, it has started increasing from October-December 2022.


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