• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar

Govtempdiary

  • Home
  • 7th CPC Calculator
  • Pay Matrix
  • AICPIN

8th Pay CommissionPay Matrix
AICPINDA Calculator 2025

SB Order No. 19/2023: Changes in Small Savings Schemes Interest Rates

September 30, 2023 by Eliza Leave a Comment

SB Order No. 19/2023, issued by the Ministry of Communications, Department of Posts, Government of India, provides an update regarding the revision of interest rates for Small Savings Schemes. The order, dated 29th September 2023, informs all Head of Circles/Regions about the changes in interest rates that will be effective from 1st October 2023 to 31st December 2023.

Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2023

SB Order No. 19/2023

F. No 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, New Delhi – 110001
Dated: 29.09.2023

To

All Head of Circles/Regions

Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2023

Madam / Sir,

The undersigned is directed to say that, vide memorandum No. 1/4/2019-NS dated 29.09.2023 (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 2023-24 (starting from 1st October, 2023 and ending on 31st December, 2023) have been revised as under.

Sl. No.Instrument/ SchemeRate of Interest from 01.07.2023 to 31.09.2023Rate of Interest from 01.10.2023 to 31.12.2023
1Post Office Saving Account44
21 Year Time Deposit6.96.9
32 Year Time Deposit77
43 Year Time Deposit77
55 Year Time Deposit7.57.5
65 Year Recurring Deposit6.56.5
7Senior Citizen Savings Scheme8.28.2
8Monthly income Account Scheme7.47.4
9Sukanya Samriddhi Account Scheme88
10Public Provident Fund Scheme7.17.1
11National Savings Certificate7.77.7
12Kisan Vikas Patra7.5
(will mature in 115 months)
7.5
(will mature in 115 months)
  1. It is requested to circulate it to all concerned for information and necessary guidance. Same may also be placed on the notice board of all Post Offices in public area. The relevant calculation tables will be supplied in due course on receipt from the DEA/MoF.
  2. This is issued with the approval of the Competent Authority.

(T.C. VIJAYAN)
Assistant Director (SB-I)

PDF Link

Filed Under: CGE Latest News, DOP -Department of Posts, Recent govt orders

Recent Posts

  • 8th Pay Commission: Major Salary Hike Expected for Government Employees January 16, 2025
  • CPI-IW November 2024 Update – All-India Consumer Price Index January 6, 2025
  • EPFO UAN Activation 2024: AADHAAR Seeding Guidelines for ELI Scheme December 16, 2024
  • EPS Pension Increase: Updates on Minimum Pension Hike for 2024 December 13, 2024
  • Good News for Ex-Servicemen: ECHS Gets a Major Boost December 12, 2024

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

  • Home
  • 8th Pay Commission
  • 7th CPC Calculator [updated]
  • Pay Matrix
  • Dopt orders
  • DA News
  • AICPIN
  • DA 2024
  • DA Calculator 2025
  • Superannuation Date Calculator

GET FREE EMAIL UPDATE

Secondary Sidebar

Categories

Copyright © 2010–2025 - Central Government Employees News - Govtempdiary