Summary: The Government of India has kept interest rates on various Small Savings Schemes unchanged for the second quarter of FY 2026-27, covering the period from 1 July 2026 to 30 September 2026, at the rates applicable for the first quarter from 1 April 2026 to 30 June 2026. The Ministry of Finance, Department of Economic Affairs, communicated the decision through Office Memorandum F. No. 1/4/2019-NS dated 30 June 2026, which was subsequently circulated by the Department of Posts through SB Order No. 07/2026 dated 30 June 2026. Accordingly, the rates are 4% for Savings Deposit, 6.9% for one-year Time Deposit, 7% for two-year Time Deposit, 7.1% for three-year Time Deposit, 7.5% for five-year Time Deposit, 6.7% for five-year Recurring Deposit, 8.2% for Senior Citizen Savings Scheme, 7.4% for Monthly Income Account Scheme, 7.7% for National Savings Certificate, 7.1% for Public Provident Fund, 7.5% for Kisan Vikas Patra with maturity in 115 months, and 8.2% for Sukanya Samriddhi Account.
Small Savings Schemes Interest Rates from 1 April 2026 to 31 December 2026
| Instrument | 01.10.2026 to 31.12.2026 (Q3 – Current Quarter) | 01.07.2026 to 30.09.2026 (Q2) | 01.04.2026 to 30.06.2026 (Q1) |
|---|---|---|---|
| Savings Deposit | 4.0% | 4.0% | 4.0% |
| 1 Year Time Deposit | 6.9% | 6.9% | 6.9% |
| 2 Year Time Deposit | 7.0% | 7.0% | 7.0% |
| 3 Year Time Deposit | 7.1% | 7.1% | 7.1% |
| 5 Year Time Deposit | 7.5% | 7.5% | 7.5% |
| 5 Year Recurring Deposit | 6.7% | 6.7% | 6.7% |
| Senior Citizen Savings Scheme | 8.2% | 8.2% | 8.2% |
| Monthly Income Account Scheme | 7.4% | 7.4% | 7.4% |
| National Savings Certificate | 7.7% | 7.7% | 7.7% |
| Public Provident Fund Scheme | 7.1% | 7.1% | 7.1% |
| Kisan Vikas Patra | 7.5% (115 months) | 7.5% (115 months) | 7.5% (115 months) |
| Sukanya Samriddhi Account Scheme | 8.2% | 8.2% | 8.2% |
F. No 113-03/2026
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)
Dak Bhawan, New Delhi – 110001
SB Order No. 12/2026 Dated: 30.09.2026
To
All Head of Circles/Regions
Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2026
Sir/Madam,
The undersigned is directed to intimate that, vide Office Memorandum No. 1/4/2019-NS dated 30.09.2026 (copy enclosed), Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rates of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of FY 2026-27 (starting from 1st October, 2026 and ending on 31st December, 2026) shall remain unchanged from those notified for the second quarter (1st July, 2026 to 30th September, 2026) of FY 2026-27.
2. It is requested to circulate it to all concerned for information and necessary guidance. This may also be placed on the notice board of all Post Offices in public area.
3. This issues with the approval of the Competent Authority.
F. No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
Kartavya Bhawan 1, New Delhi
Dated: 30.09.2026
OFFICE MEMORANDUM
Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the third quarter of FY 2026-27 starting from 1st October, 2026 and ending on 31st December, 2026 shall remain unchanged from those notified for the second quarter (1st July, 2026 to 30th September, 2026) of FY 2026-27.
2. This has approval of the Competent Authority.
(Masroor Ahmad)
Deputy Secretary (Budget)
Tele – 011 24013082
