Interest rates on two small savings schemes were increased for January to March 2024

Interest rates on two small savings schemes were increased for January to March 2024.
For the months of January to March 2024, the interest rate on three-year time deposits has been raised by 10 basis points to 7.1%.
For the January–March 2024 period, the interest rate on the Sukanya Samriddhi Account Scheme has been increased by 20 basis points to 8.2%.
All other small savings plans, however, will continue to be offered at the same interest rates.
The Finance Ministry stated that they will continue to be offered at the same interest rate as they were offered from October to December of 2022.
The government of India determines the interest rates for small savings accounts.
After nine straight quarters of no change, the finance ministry began hiking small savings interest rates in October-December 2022.