Small saving schemes alert! PPF, Sukanya Samriddhi interest rates unchanged for next 3 months

With no revision, an investor will get an interest rate of 7.1% per annum on PPF. Similarly, the interest rate on the NSC scheme has remained unchanged at 6.8% while Sukanya Samriddhi Yojana will fetch a 7.6% interest rate annually.

New Delhi: The Finance Ministry has decided not to revise the interest rates on small saving schemes for quarter three of the financial year 2021-2022. This means that interest rates on schemes such as Public Provident Funds (PPF), Senior Citizens Saving Schemes (SCSS), and National Saving Certificate (NSC), among others, remain unchanged for three months starting July 2021. For those uninitiated, small savings schemes are offered by the Government of India, banks or public financial institutions to encourage citizens to make small deposits for their future.  Interest rates on saving schemes  With no revision, an investor will get an interest rate of 7.1% per annum on PPF. Similarly, the interest rate on the NSC scheme has remained unchanged at 6.8% while Sukanya Samriddhi Yojana will fetch a 7.6% interest rate annually.