The government has not made any changes in the interest rates of small savings schemes like Public Provident Fund (PPF), Post Office FD, Sukanya Samriddhi Yojana (SSY) and National Savings Certificate (NSC) for the April-June (Q1FY27) quarter. This is the 9th consecutive quarter when interest rates will remain unchanged. The government last increased interest rates in December 2023. 7.1% interest rate on Public Provident Fund: 7.1% interest will be available on Public Provident Fund (PPF) and 8.2% interest on Sukanya Samriddhi Yojana. Interest rates on small savings schemes range between 4% to 8.2%. The government also keeps an eye on the cash and inflation situation in the country before deciding on the interest rates of small savings schemes. These are reviewed every three months. Interest rates are reviewed every quarter. Interest rates of Small Savings Scheme are reviewed every quarter. The formula for determining their interest rates was given by the Shyamala Gopinath Committee. The committee had suggested that the interest rates of these schemes should be 0.25-1.00% higher than the yield of government bonds of similar maturity. These schemes are the major source of household savings. Small savings schemes are the major source of household savings in India. In these schemes, depositors get fixed interest on their money. Collections from all small savings schemes are deposited in the National Small Savings Fund (NSSF). Classification Small savings instruments can be divided into three parts:
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8.2% interest will be available on Sukanya and 7.1% interest on PPF: No change in the interest rates of small savings schemes, interest rates remain stable for the 9th consecutive quarter.
