Maximize Your Savings: Small Savings Q3 2023-24 Interest Rates Revealed

Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2023 : Small Savings Q3 2023-24 Interest Rates Revealed

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.

Small Savings Q3 2023-24 Interest Rates

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 Account4.04.0
21 Year Time Deposit6.96.9
32 Year Time Deposit7.07.0
43 Year Time Deposit7.07.0
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 Scheme8.08.0
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)

View the Order

Follow us on YouTube ChannelTelegram ChannelTwitter Facebook and WhatsApp Channel for all Latest News and Updates

Leave a Comment

Your email address will not be published.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

Scroll to Top