SCSS, PPF, SSY Interest Rates April-June 2024: Know How Much You Will Earn From Post Office Savings Scheme

 Curated By: Namit Singh Sengar

News18.com

Last Updated: 

Savings Schemes Interest Rates: The government typically revises these rates every quarter.


Various government-backed savings schemes are available through different financial institutions across the country. Each scheme is characterised by specific features such as tenure, eligibility criteria, deposit limits and interest rates.

These schemes, initiated by the government, serve diverse segments of society. Some are designed specifically for senior citizens, while others aim to support women’s welfare. Additionally, there are specialised schemes tailored for farmers and individuals in the salaried workforce.

Post Office Savings Schemes Interest Rates

The interest rates for post office savings, senior citizens saving schemes (SCSS), and public provident fund (PPF) will remain unchanged for the quarter starting April 1st, 2024.

The government typically revises these rates every quarter. For the initial quarter of fiscal year FY25 (April-June 2024), the government has decided to maintain the interest rates at the same level as those set in the preceding January-March 2024 quarter.

Last Rate Revision

The central government had raised the rate of interest on two small savings schemes for January-March 2024 by 10-20 basis points, making it the sixth quarter in a row that rates on these instruments have been increased.

Here are the latest interest rates (April-June 2024) of ten government-backed schemes that can be availed from post offices across the country;

1. Senior Citizens Savings Scheme


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