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Small Savings Schemes Interest Rates Revised for Q2 FY 2023-24

September 30, 2023 by Eliza Leave a Comment

The Ministry of Finance, Department of Economic Affairs, Budget Division, Government of India, has issued an Office Memorandum dated September 29, 2023, regarding the revision of interest rates for Small Savings Schemes for the second quarter of the financial year 2023-24, effective from October 1, 2023, to December 31, 2023.

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: 29.09.2023

OFFICE MEMORANDUM

Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the second quarter of financial year 2023-24 starting from 1st October, 2023 and ending on 31st December, 2023 have been revised as detailed below:

InstrumentRates of interest from 01.07.2023 to 30.09.2023Rates of interest from 01.10.2023 to 31.12.2023
Saving Deposit44
1 Year Time Deposit6.96.9
2 Year Time Deposit77
3 Year Time Deposit77
5 Year Time Deposit7.57.5
5 Year Recurring Deposit6.56.7
Senior Citizen Savings Scheme8.28.2
Monthly income Account Scheme7.47.4
National Savings Certificate7.77.7
Public Provident Fund Scheme7.17.1
Kisan Vikas Patra7.5 (will mature in 115 months)7.5 (will mature in 115 months)
Sukanya Samriddhi Account Scheme88
  1. This has the approval of competent authority.

(Kapil Patidar)
Deputy Secretary (Budget)
Tele – 01123092649

Source

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Filed Under: CGE Latest News, FINMIN ORDERS, Recent govt orders

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