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Big Decision Expected Tomorrow on Sukanya Samriddhi, PPF, and Small Savings Schemes
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CNBC Awaaz•29-09-2026, 15:56
Big Decision Expected Tomorrow on Sukanya Samriddhi, PPF, and Small Savings Schemes
- •The Finance Ministry may announce interest rates for small savings schemes, including Sukanya Samriddhi Yojana and PPF, for the October-December 2026 quarter on September 30.
- •An increase in interest rates would be the first change since December 2024, when rates for Sukanya Samriddhi Account and three-year Post Office Fixed Deposits were raised.
- •Current interest rates range from 4.00% for Post Office Savings Account to 8.20% for Senior Citizen Savings Scheme and Sukanya Samriddhi Account.
- •Rising Consumer Price Index-based inflation (3.48% in April 2026 to 4.82% in August) and increased government bond interest rates (10-year securities above 7%) suggest a potential for higher returns.
- •Despite factors supporting an increase, the government might maintain current rates due to strong deposits and already attractive returns in small savings schemes.
Key Questions Answered
Currently, the Public Provident Fund (PPF) offers an interest rate of 7.10 percent, and the Sukanya Samriddhi Account offers 8.20 percent. Other schemes include the Senior Citizen Savings Scheme at 8.20 percent, the National Savings Certificate at 7.70 percent, and Post Office Savings Accounts at 4.00 percent.
The central government reviews and decides on the interest rates for small savings schemes every quarter based on economic conditions, inflation, and government bond yields.
The last time the government changed the interest rates for small savings schemes was in December 2024, when it increased the rates for the Sukanya Samriddhi Account and three-year Post Office Fixed Deposits.
