Government of India, Ministry of Finance (Department of Economic Affairs), through Office Memorandum dated 31 December 2025, has announced that the interest rates on all Small Savings Schemes for the fourth quarter of FY 2025–26 (1 January 2026 to 31 March 2026) will remain unchanged from those applicable in the third quarter (1 October 2025 to 31 December 2025).
Accordingly, rates such as 4.0% on Savings Deposits, 6.9% to 7.5% on Time Deposits, 6.7% on 5-Year Recurring Deposits, 8.2% under the Senior Citizen Savings Scheme, 7.4% under the Monthly Income Account Scheme, 7.7% for National Savings Certificates, 7.1% for Public Provident Fund, 8.2% for Sukanya Samriddhi Account Scheme and 7.5% for Kisan Vikas Patra (maturing in 115 months) continue without change.
The decision has been approved by the Competent Authority and formally communicated by the Budget Division of the Ministry of Finance.
Revised Small Savings Schemes Interest Rate Table
| Instrument | Rates of interest from 01.01.2026 to 31.03.2026 | Rates of interest from 01.10.2025 to 31.12.2025 |
| 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 |
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
Instructions No. 1/4/2019-NS | Dated: 31.12.2025
OFFICE MEMORANDUM
Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the fourth quarter of FY 2025-26 starting from 1st January, 2026 and ending on 31st March. 2026 shall remain unchanged from those notified for the third quarter (1st October, 2025 to 31st December, 2025) of FY 2025-26.
2. This has approval of the Competent Authority.
(Masroor Ahmad)
Deputy Secretary (Budget)
Tele — 011 24013082
To.
1. The Secretary,
Department of Expenditure.
North Block. New Delhi.
2. The Secretary,
Department of Posts.
Dak Bhawan, New Delhi.
3. The Secretary,
Department of Financial Services.
Jeevan Deep Building, New Delhi.
4. The Secretary,
Department of Revenue,
North Block, New Delhi.
5. The Secretary,
Department of Economic Affairs,
North Block, New Delhi.
6. The Secretary,
Department of Investment and Public
Asset Management. CGO complex, New
Delhi.
7. The Chief General Manager (DGBA)
Reserve Bank of India,
Central Office, Mumbai
8. Reserve Bank of India
Central Account Section,
Additional Office Building,
East High Court Road, Civil Lines,
P.B. No.15, Nagpur — 440 001.
9. Chief Secretaries of States / UT
Government
10. The Joint Director
National Savings Institute,
New Delhi.
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