Interest rates for Small Savings Schemes w.e.f. 01.01.2023 by DOP

Revision of interest rates for Small Savings Schemes

SB Order No. 26 / 2022

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: 30.12.2022

To
All Head of Circles/Regions

Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023

Madam / Sir,

The undersigned is directed to say that. vide memorandum No. 01/04/2019-NS dated 30.12.2022 (copy enclosed). Government of India, Ministry of Finance, Department of Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2022-23 (starting from 1st January, 2023 and ending on 31st March, 2023) have been revised as under.

Sl.No.Instrument / SchemeRates of interest from 01.10.2022 to 31.12.2022Rates of interest from 01.01.2023 to 31.03.2023
1Savings Deposit44
21 Year Time Deposit5.56.6
32 Year Time Deposit5.76.8
43 Year Time Deposit5.86.9
55 Year Time Deposit6.77
65 Year Recurring Deposit5.85.8
7Senior Citizen Savings Scheme7.68
8Monthly Income Account Scheme6.77.1
9Sukanya Samriddhi Account Scheme7.67.6
10Public Provident Fund Scheme7.17.1
11National Savings Certificate6.87
12Kisan Vikas Patra7.0 (will mature in 123 months7.2 (will mature in 120 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)

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