Revision of interest rates for Small Savings Schemes for Q1 of 2022-23 (i.e. from 1st July 2022 to 30th September 2022)

Interest rates of small saving schemes for the Second quarter of financial year 2022-23 starting from 1st July, 2022 and ending on 30th September, 2022 shall remain unchanged from the current rates applicable for the First quarter (1st April, 2022 to 30th June, 2022) for FY 2022-23. Small saving schemes includes PPF, NSCSenior Citizen Savings SchemesSukanya Samriddhi Account SchemeKisan Vikas Patra of GoI.

F.N0.1/4/2019-NS 
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 30.06.2022

Office Memorandum

Subject: Revision of interest rates for Small Savings Schemes-reg.

The rate of interest on various Small Savings Schemes for the second quarter of financial year 2022-23 starting from 1st July, 2022 and ending on 30th September, 2022 shall remain unchanged from those notified for the first quarter (1st April, 2022 to 30th June, 2022) of financial year 2022-23.

2. This has the approval of the competent authority.

(Rajesh Panwar)
Joint Director(Budget)
Tele:011-2309 3170

*****

Interest rates Chart on Savings Schemes for financial year 2021-22 and Financial Year 2022-23 (From 1st April 2022 to 30th September 2022)

SI. No. National Savings Scheme Rate of interest w.e.f. 01.04.2021 to 31.03.2022 (%) Rate of interest w.e.f 01.04.2022 to 30.09.2022 (unchanged) Compounding Frequency*
01. Post Office Savings Account 4.0 4.0 Annually
02. 1 Year Time Deposit 5.5 5.5 Quarterly
03. 2 Year Time Deposit 5.5 5.5 Quarterly
04. 3 Yeai Time Deposit 5.5 5.5 Quarterly
0fi. 5 Year Time Deposit 6.7 6.7 Quarterly
06. 5 Year Recurring Deposit Scheme 5.8 5.8 Quarterly
07. Senior Citizen Savings Scheme 74 7.4 Quarterly and Paid
08. Monthly Income Account 6.6 6.6 Monthly and paid
09. National Savings Certificate (VIII Issue) 6.8 6.8 Annually
10. Public Provident Fund Scheme 7.1 7.1 Annually
11. Kisan Vikas Patra 6.9 (will mature in 124 months) 6.9 (will mature in 124 months) Annually
12. Sukanya Samriddhi Account Scheme 7.6 7.6 Annually

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