Finmin – Revision of interest rates for Small Savings Schemes

Small Savings Schemes interest rates

Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 29.09.2022

Office Memorandum

Subject: Revision of interest rates for Small Savings Schemes – reg.

The rates of interest on various Small Savings Schemes for the third quarter of financial year 2022-23 starting from 1st October, 2022 and ending on 31st December, 2022 have been revised as detailed below:

Instrument Rates of interest from 01.07.2022 to 30.09.2022 Rates of interest from 01.10.2022 to 31.12.2022
Savings Deposit 4.0 4.0
1 Year Time Deposit 5.5 5.5
2 Year Time Deposit 5.5 5.7
3 Year Time Deposit 5.5 5.8
5 Year Time Deposit 6.7 6.7
5 Year Recurring Deposit 5.8 5.8
Senior Citizen Savings Scheme 7.4 7.6
Monthly Income Account Scheme 6.6 6.7
National Savings Certificate 6.8 6.8
Public Provident Fund Scheme 7.1 7.1
Kisan Vikas Patra 6.9 (will mature in 124 months 7.0 (will mature in 123 months)
Sukanya Samriddhi Account Scheme 7.6 7.6

9. This has the approval of competent authority.

(Rajesh Kumar)
Under Secretary to Govt. of India
Tele – 01123095155

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