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Interest rates for Small Savings Schemes – Finmin

January 2, 2023 Eliza

Revision of interest rates for Small Savings Schemes

F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 30.12.2022

OFFICE MEMORANDUM

Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the fourth quarter of FY 2022-23 starting from 1st January, 2023 and ending on 31st March, 2023 have been revised as detailed below:

InstrumentRates of interest from 01.07.2022 to 30.09.2022Rates of interest from 01.10.2022 to 31.12.2022
Savings Deposit44
1 Year Time Deposit5.56.6
2 Year Time Deposit5.76.8
3 Year Time Deposit5.86.9
5 Year Time Deposit6.77
5 Year Recurring Deposit5.85.8
Senior Citizen Savings Scheme7.68
Monthly Income Account Scheme6.77.1
National Savings Certificate6.87
Public Provident Fund Scheme7.17.1
Kisan Vikas Patra7.0 (will mature in 123 months7.2 (will mature in 120 months)
Sukanya Samriddhi Account Scheme7.67.6
  1. This has the approval of competent authority.

(Garud RD)
Under Secretary to Govt. of India
Tele – 01123095764

Source: dea.gov.in

Interest rates for Small Savings Schemes

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