New Delhi, June 20 (HS): After increasing the MSP of 14 crops to provide relief to farmers, the central government is also going to provide relief to the middle income group. It is expected that in July this year, the central government may decide to increase the interest rates of small savings schemes (SSS).

The central government reviews the interest rates of small savings schemes on a quarterly basis. On this basis, a decision is taken to change the interest rates of these schemes. Earlier, in the last week of March, the interest rates of small savings schemes were fixed for April to June 2024. Now next week the central government can take a decision to increase the interest rates after reviewing the small savings schemes.

These small savings schemes include schemes like Sukanya Samriddhi Yojana (SSY), Public Provident Fund (PPF), National Savings Certificate (NSC), Senior Citizen Savings Scheme (SCSS) and Mahila Samman Bachat Yojana. Apart from this, schemes like Monthly Income Scheme and Kisan Vikas Patra are also very popular among the people.

Currently 8.2 percent interest is paid under Senior Citizen Savings Scheme. 7.4 percent interest is paid under Monthly Income Scheme, 7.7 percent under National Savings Certificate Scheme, 7.1 percent under Public Provident Fund Scheme, 7.5 percent under Kisan Vikas Patra, 8.2 percent under Sukanya Samriddhi Scheme and 7.5 percent under Mahila Samman Saving Scheme. It is believed that these savings schemes can be increased by up to 0.5 percent for the quarter from July to August.