The Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division), has issued an Office Memorandum dated 30.03.2026 regarding the revision of interest rates for Small Savings Schemes. The memorandum states that the interest rates applicable to various Small Savings Schemes for the first quarter of the financial year 2026–27, spanning from 1 April 2026 to 30 June 2026, will remain unchanged.
These rates will continue at the same levels as those notified for the fourth quarter of FY 2025–26, which covered the period from 1 January 2026 to 31 March 2026. The decision has been approved by the competent authority.
As per the notified table, the interest rate for Savings Deposits remains at 4.0 percent. Time Deposits carry rates of 6.9 percent for one year, 7.0 percent for two years, 7.0 percent for three years, and 7.5 percent for five years. The five-year Recurring Deposit scheme continues at 6.7 percent.
The Senior Citizen Savings Scheme and Sukanya Samriddhi Account Scheme both carry an interest rate of 8.2 percent, while the Monthly Income Account Scheme offers 7.4 percent. The National Savings Certificate continues at 7.7 percent, and the Public Provident Fund Scheme remains at 7.1 percent.
The Kisan Vikas Patra scheme continues to offer an interest rate of 7.5 percent, with maturity in 115 months. The memorandum confirms that there is no change in any of the rates for the specified quarter.
Revised Small Savings Schemes Interest Rate Table
| Instrument | Rates of interest from 01.04.2026 to 30.06.2026 | Rates of interest from 01.01.2026 to 31.03.2026 |
| Savings Deposit | 4.0 | 4.0 |
| 1 Year Time Deposit | 6.9 | 6.9 |
| 2 Year Time Deposit | 7.0 | 7.0 |
| 3 Year Time Deposit | 7.0 | 7.1 |
| 5 Year Time Deposit | 7.5 | 7.5 |
| 5 Year Recurring Deposit | .6.7 | 6.7 |
| Senior Citizen Savings Scheme | 8.2 | 8.2 |
| Monthly Income Account Scheme | 7.4 | 7.4 |
| National Savings Certificate | 7.7 | 7.7 |
| Public Provident Fund Scheme | 7.1 | 7.1 |
| Kisan Vikas Patra | 7.5 (will mature in 115 months) | 7.5 (will mature in 115 months) |
| Sukanya Samriddhi Account Scheme |
8.2 | 8.2 |
F.No.1 /4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
Kartavya Bhawan – 1. New Delhi
Dated 30.03.2026
OFFICE MEMORANDUM
Subject: Revision of interest rates for Small Savings Schemes – req.
The rates of interest on various Small Savings Schemes for the first quarter of FY 2026-27 starling from 1th April, 2026 and ending on 30th June. 2026 shall remain unchanged from those notified for the fourth quarter (1th January. 2026 to 31v March, 2026) of FY 2025-26.
2. This has the approval of the competent authority.
(Masroor Ahmad)
Deputy Secretary (Budget)
Tele — 01124013082
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