Revision of interest rates for Small Savings Schemes for Q3 of 2022-23 (i.e. from 1st October, 2022 to 31st December, 2022)

Interest rates of small saving schemes for the Third quarter of financial year 2022-23 starting from 1st October, 2022 and ending on 31st December, 2022. Small saving schemes includes PPF, NSCSenior Citizen Savings SchemesSukanya Samriddhi Account SchemeKisan Vikas Patra of GoI.

SB Order No. 15/2022

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: 29.09.2022

To

All Head of Circles/Regions

Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2022

Madam / Sir,

The undersigned is directed to say that, vide memorandum No. 01/04/2019-NS dated 29.09.2022 (copy enclosed), Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2022-23 (starting from 1st October, 2022 and ending on 31st December, 2022) have been revised as under.

Sl.
No.
Instrument / Scheme Rate of Interest
from 01.07.2022
to 30.09.2022
Rate of Interest
from 01.10.2022
to 31.12.2022
1. Post Office Savings Account 4.0 4.0
2. 1 Year Time Deposit 5.5 5.5
3. 2 Year Time Deposit 5.5 5.7
4. 3 Year Time Deposit 5.5 5.8
5. 5 Year Time Deposit 6.7 6.7
6. 5 Year Recurring Deposit 5.8 5.8
7. Senior Citizen Savings Scheme 7.4 7.6
8. Monthly Income Account Scheme 6.6 6.7
9. Sukanya Samriddhi Account Scheme 7.6 7.6
10. Public Provident Fund Scheme 7.1 7.1
11. National Savings Certificate 6.8 6.8
12. Kisan Vikas Patra 6.9

(will mature in

124 months)

7.0

(will mature in

123 months)

2. It is requested to circulate it to all concerned for information and necessary guidance. 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 is issued with the approval of the Competent Authority.

(T.C. VIJAYAN)
Assistant Director (SB-I)

Also Read: 

Interest rates of small saving schemes for July 22 to September 22

Interest rates of small saving schemes for April 22 to June 22

Interest rates of small saving schemes for Jan 22 to Mar 22

Interest Rate on Small Savings Schemes for Oct 21 to Dec 21

Interest Rates for National (Small) Savings Schemes w.e.f. 01.07.2021

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