New delhi [India]Nai Delhi [भारत], June 30 (ANI): As per the official notification issued by the Finance Ministry on Monday, the central government has kept interest rates unchanged on various small savings schemes for the July-September quarter. Interest rates on small savings schemes by the government are usually reviewed every quarter. One of the most popular small savings schemes, the interest rate for Public Provident Fund (PPF) will remain 7.1 percent. The scheme is widely preferred due to its tax profit and long -term savings capacity. The Senior Citizen Savings Scheme (SCSS) will also maintain its interest rate at 8.2 percent. The scheme is especially designed to provide financial security to senior citizens, which provide more returns than other savings options.

The deposits made under Sukanya Samriddhi Yojana, which aims to encourage savings for education and marriage expenditure of girls, but will continue to get an interest rate of 8.2 percent. This scheme is an integral part of the government’s ‘Beti Bachao Beti Padhao’ initiative. The National Savings Certificate (NSC), which is a fixed income investment scheme, will be 7.7 percent of its interest rate. The scheme is considered a safe investment with moderate returns.

The Post Office Monthly Income Scheme (PO-MIS), which provides regular monthly income to investors, will provide an interest rate of 7.4 percent. The Kisan Vikas Patra (KVP) is a government -backed savings scheme designed to double the investment in a specific period, continue to provide an interest rate of 7.5 percent. Additionally, the 5-year-old recurring deposit (RD) scheme, which allows investors to deposit a fixed amount every month, will provide an interest rate of 6.7 percent. These small savings plans provide guaranteed returns at regular intervals, which are monthly, quarterly or annually.