Revision of interest rates for Small Savings Schemes for Q2 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, NSC, Senior Citizen Savings Schemes, Sukanya Samriddhi Account Scheme, Kisan 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
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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 |
please provide latest interest rates