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India Maintains Interest Rates for Small Savings Schemes: Updates for January-March 2025

share-iconThursday, January 02 comment-icon2 weeks ago 8 views
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indiatimesINDIATIMES
India Maintains Interest Rates for Small Savings Schemes: Updates for January-March 2025

Credited from: INDIATIMES

  • The Finance Ministry announced that interest rates for small savings schemes will remain unchanged for January to March 2025.
  • Key schemes include Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and Senior Citizen Savings Scheme (SCSS).
  • The interest rates will be the same as those set for the previous quarter, from October to December 2024.
  • Rates are determined based on the Shyamala Gopinath Committee's methodology, ensuring they are competitive compared to government bond yields.
  • Potential future changes in interest rates may be influenced by international monetary policies and shifts in India's economic landscape.

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