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Sukanya Samriddhi Scheme: For the January–March 2024 quarter, the Center increased the interest rates on a few small savings plans, including the Sukanya Samriddhi Scheme, a 3-year Time Deposit. The Union Finance Ministry announced in a notification that, with the exception of the Sukanya Samriddhi Scheme and the 3-year time deposit, most schemes had interest rates that were the same.

The most recent updated list states that for the final quarter of the current fiscal year, the interest rate on the Sukanya Samriddhi Scheme will be 8.2%, and for the 3-year TD, it will be 7.1%. Prior to this, the interest rates on the 3-year TD and Sukanya Samriddhi Scheme were 7.1% and 8.0%, respectively.

For longer than three years, the PPF rates remained unaltered. The most recent adjustment was made in April and June of 2020, when it was reduced from 7.9 percent to 7.1 percent.

With the exception of a slight increase in five-year recurring deposit rates, the Center maintained small savings interest rates at the same level for the October–December quarter in its most recent announcement.

Prior to the revision that took place today, the interest rates on small savings plans varied from 4% for post office savings deposits to 8.2% for the Senior Citizens Savings Scheme.

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