The Finance Ministry is expected to announce interest rates for small savings schemes—including the Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Account (SSA), and Senior Citizens Savings Scheme (SCSS)—for the October-December 2025 quarter on Tuesday.

The announcement comes after the Reserve Bank of India (RBI) reduced the repo rate by a cumulative 1% during 2025, from 6.5% at the start of the year to 5.5% by September, with cuts in February, April, and June. Despite these reductions, small savings rates have remained unchanged so far, while commercial banks have lowered fixed deposit rates and phased out higher-interest deposit products, narrowing the relative advantage of small savings instruments. Advertisement

Small savings rates are influenced

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