The Finance Ministry will review interest rates on Post Office small savings schemes such as Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Account (SSA) and Senior Citizens Savings Scheme (SCSS) on September 30, this year. The revised rates, if changed, will apply for the October-December 2025 quarter.

So far this year, the government has not touched these schemes even though the Reserve Bank of India (RBI) has cut the repo rate three times. With banks already reducing interest on fixed deposits, there is a possibility that small savings rates may also be lowered in this review.

Repo Rate Cuts By RBI

At the start of the year, the repo rate was 6.5 per cent. The RBI first reduced it by 25 basis points (bps) each in February and April, followed by a bi

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