Investment In Small Savings Schemes To Fetch These Returns In April-June Quarter

The government has kept interest rates of small savings schemes unchanged for the first quarter of the financial year 2019-20, starting from April 1, 2019 and ending on June 30, 2019 , tweeted Ministry of Finance on its official handle- @FinMinIndia. The rates of interest on saving schemes will continue to be same as notified for the fourth quarter of the financial year 2018-19, it said. Currently, the government revises the interest rates on small savings schemes on a quarterly basis. (Also read: How Senior Citizen Savings Scheme Compares With PPF)

Here's a comparison of the interest rate and investment limits applicable to these small savings schemes (including Public Provident Fund):

The finance ministry had in January this year raised interest rate on 1-year post office time deposits by 10 basis points (bps) for the January-March, 2019 quarter to 7 per cent. In September, government announced an increase of up to 0.4 per cent in interest rates applicable to small savings schemes for the October-December quarter.