SB Order No 15/2023: Revision of interest rates for Small Savings Schemes w.e.f. 01.07.2023.
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Post Office Small Savings Scheme Interest Rates from 01st July 2023:
Post Office Savings Scheme Name | Post Office Interest Rates from 01.07.2023 to 30.09.2023 | Post Office Interest Rate from 01.04.2023 to 31.06.2023 |
Savings Bank A/c | 04% | 04% |
Recurring Deposit Account | 6.5% | 6.2% |
Term Deposit 1year/2 years/3 years/5 years | 6.9%, 7.0%,7.0% & 7.5% | 6.8%, 6.9%,7.0% & 7.5% |
Monthly Income Scheme | 7.4% | 7.4% |
National Savings Certificate(NSC) | 7.7% | 7.7% |
Kisan Vikas Patra (KVP) | 7.5% (115 Months) | 7.5% (115 Months) |
Public Provident Fund (PPF) | 7.1%. | 7.1%. |
Senior Citizen Saving Scheme | 8.2% | 8.2% |
Sukanya Samriddhi Yojana | 8.0% | 8.0% |
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: 30.06.2023
To All Head of Circles/Regions
Ministry of Finance, Department of Economic Affairs (Budget Division), Government of India vide Memorandum No. 01/4/2019-NS dated 30.06.2023 (copy enclosed) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the second quarter of financial year 2023-24 starting from 1st July, 2023 and ending on 30th September, 2023 have been revised as under: -
2. Itis 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.
3. This issues with the approval of the Competent Authority.
