SB Order No. 10 / 2024: Revision of Interest Rates for Small Savings Schemes (Jan–March 2025)
The Government of India, via Ministry of Finance, Department of Economic Affairs (Budget Division), has announced that interest rates for Small Savings Schemes will remain unchanged for the fourth quarter of the financial year 2024-25, covering the period from 1st January 2025 to 31st March 2025.
This decision was communicated through Office Memorandum No. 1/4/2019-NS dated 31.12.2024, confirming that the rates remain consistent with those notified for the third quarter (1st October 2024 to 31st December 2024).
Key Instructions:
All Head of Circles/Regions are directed to ensure dissemination of this information to all concerned authorities and stakeholders.
Interest rate details must be prominently displayed on the notice boards of all Post Offices in public areas.
Compliance and awareness across all relevant departments must be ensured.
Approval and Authority:
This directive has been issued with the approval of the Competent Authority and is signed by the Assistant Director (SB-I).
Office Memorandum Highlights (Ministry of Finance)
The interest rates for various Small Savings Schemes for the fourth quarter of FY 2024-25 (1st January 2025 to 31st March 2025) will remain unchanged from the previously notified rates for the third quarter.
This decision was approved by the Competent Authority and officially communicated by Chandra Katyal, Addl. Budget Officer, Ministry of Finance.
Distribution and Communication:
The communication has been shared with:
Key Government Departments.
Reserve Bank of India (RBI).
Chief Secretaries of States and UT Governments.
National Savings Institute, New Delhi.
Conclusion:
The continuation of existing interest rates aims to provide stability and predictability for investors in Small Savings Schemes, ensuring confidence in these financial instruments.
Source: Ministry of Finance, SB Order No. 10/2024
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