F. No 1 13-03/2017-SB(PI. 1) (Financial Services Division) Dated: 29.09.2022
Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2022
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The undersigned is directed to say that, vide memorandum No. 01/04/2019'NS dated 29.09.2022 (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 2022-23 (starting from 1st October,2022 and endinB on 31et December, AOZD have been revised as under.
Post Office Small Savings Scheme Interest Rates from 01st October 2022:
Post Office Savings Scheme Name | Rate of interest from 01.07.2022 to 30.09.2022 | Rate of Interest from 01.10.2022 to 31.12.2022 |
Savings Bank A/c | 04% | 04% |
Recurring Deposit Account | 5.8% | 5.8% |
Term Deposit 1year/2 years/3 years/5 years | 5.5%, 5.5%,5.5% & 6.7% | 5.5%, 5.7%,5.8% & 6.7% |
Monthly Income Scheme | 6.6% | 6.7% |
National Savings Certificate(NSC) | 6.8% | 6.8% |
Kisan Vikas Patra (KVP) | 6.9% (124 Months) | 7.0% (123 Months) |
Public Provident Fund (PPF) | 7.1%. | 7.1%. |
Senior Citizen Saving Scheme | 7.4% | 7.6% |
Sukanya Samriddhi Yojana | 7.6% | 7.6% |
2. It is requested to circulate it to all concerned for information and necessary guid.ance. Same may also be placed on the notice board of all Post Offrces in public area. The relevant calculation tables will be supplied in due course on receipt from the DEA/MoF. 3. This is issued with the approval of the Competent Authority.
