The government on Friday announced revised interest rates for select small savings schemes. The interest rate applicable to the Sukanya Samriddhi scheme was revised upwards by 20 basis points to 8.2 per cent, with effect from January 1. 

The new rates will be applicable for the fourth quarter of the current financial year.

The Centre reviews the interest rates applicable to small savings schemes—such as the Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Monthly Income Scheme (MIS) and Senior Citizen Savings Scheme (SCSS)—on a quarterly basis, and announces any revisions at the end of each quarter.  

(This story will be updated shortly)