Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2022
SB Order No. 15/2022
F. No 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)
Dalt Bhawan, New Delhi – 110001
Dated:29.09.2022
To
All Head of Circles/Regions
Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2022
Madam /Sir,
The undersigned I. directed to say that, vide memorandum No. 01/04/201914S dated 29.09.2022 (copy enclosed), Government of India, Ministry of Finance. Department of Economic Affairs (Budget Division) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 202223 (starting from Is October, 2022 and ending on 31d Decade , 2022) have been revised as under.
| Sl. No | Instrument / Scheme | Rates of interest from 01.07.2022 to 30.09.2022 | Rates of interest from 01.10.2022 to 31.12.2022 |
|---|---|---|---|
| 1 | Savings Deposit | 4.0 | 4.0 |
| 2 | 1 Year Time Deposit | 5.5 | 5.5 |
| 3 | 2 Year Time Deposit | 5.5 | 5.7 |
| 4 | 3 Year Time Deposit | 5.5 | 5.8 |
| 5 | 5 Year Time Deposit | 6.7 | 6.7 |
| 6 | 5 Year Recurring Deposit | 5.8 | 5.8 |
| 7 | Senior Citizen Savings Scheme | 7.4 | 7.6 |
| 8 | Monthly Income Account Scheme | 6.6 | 6.7 |
| 9 | Sukanya Samriddhi Account Scheme | 7.6 | 7.6 |
| 10 | National Savings Certificate | 6.8 | 6.8 |
| 11 | Public Provident Fund Scheme | 7.1 | 7.1 |
| 12 | Kisan Vikas Patra | 6.9 (will mature in 124 months | 7.0 (will mature in 123 months) |
2. It is requested to circulate it to all concerned for information and necessary guidance. Same may also be placed on the notice board dell Post Offices in public area. The relevant calculation tables will be supplied in due course on receipt from the DEA/MR.
9. This is issued with the approval of the Component Authority.
(T.C. VIJAYAN)
Assistant Director (SB-I)
Source: utilities.cept.gov.in