SB Order No. 04/2023: Post Office Revised interest rates for Small Savings Schemes w.e.f. 01.04.2023. Download SB Order 04/2023 in PDF.
SB Order 04/2023: Post Office Small Savings Schemes (POSB) Interest Rates Chart/Table from 01st April 2023:
|
Post
Office Savings Scheme Name |
Post
Office Interest Rate from 01.01.2023 to 31.03.2023 |
Post
Office Interest Rates from 01.04.2023 to 30.06.2023 |
|
Savings
Bank A/c |
04% |
04% |
|
5 Year Recurring
Deposit (RD) Account |
5.8% |
6.2% |
|
1 Year
Term Deposit |
6.6% |
6.8% |
|
2 Year
Term Deposit |
6.8%, |
6.9% |
|
3 Year
Term Deposit |
6.9% |
7.0% |
|
5 Year
Term Deposit |
7.0% |
7.5% |
|
Monthly
Income Scheme (MIS) |
7.1% |
7.4% |
|
National
Savings Certificate(NSC) |
7.0% |
7.7% |
|
Kisan
Vikas Patra (KVP) |
7.2% (120 Months) |
7.5% (115 Months) |
|
Public
Provident Fund (PPF) |
7.1%. |
7.1%. |
|
Senior Citizen
Saving Scheme |
8.0% |
8.2% |
|
Sukanya
Samriddhi Yojana |
7.6% |
8.0% |
F. No 113-03/2017-SB(Pt.1)
(Financial Services Division)
Dated: 31.03.2023
Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2023
Ministry of Finance, Department of Economic Affairs (Budget Division), Government of India vide Memorandum No. 01/04/2019-NS dated 31.03.2023 (copy enclosed) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2023-24 (starting from 1st April, 2023 and ending on 30th June, 2023) have been revised as under: -
2. It is requested to circulate it to all concerned for information, guidance and necessary action. 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.
