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Revision of interest rates for Small Savings Schemes for Q4 of 2022-23 (i.e. from 1st January, 2023 to 31st March, 2023)

Interest rates of small saving schemes for the Fourth quarter of financial year 2022-23 starting from 1st January, 2023 and ending on 31st March, 2023. Small saving schemes includes PPF, NSCSenior Citizen Savings SchemesSukanya Samriddhi Account SchemeKisan Vikas Patra of GoI.

Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

No. Block, New Delhi
Dated: December 30, 2022


Subject: Revision of interest rates for Small Saving, Schemes – reg.

The rate of interest on various Small Savings Schemes for the fourth quarter of the FY 2022-23 starting from 1st January, 2023 and ending on 31st March, 2023 have been revised as detailed below:

Instrument Rates of interest from
01.10.2022 to 31.12.2022
Rates of interest
from 01.01.2023 to
Savings Deposit 4.0 4.0
1 Year Time Deposit 5.5 6.6
2 Year Time Deposit 5.7 6.8
3 Year Time Deposit 5.8 6.9
5 Year Time Deposit 6.7 7.0
5 Year Time  Recurring Deposit  Senior 5.8 5.8
Monthly Income Account
6.7 7.1
National Saville, Certificate  6.8 7.0
Public Provident Fund Scheme 7.1 7.1
Kisan Vikas patra 7.0 (will mature in 123 months) 7.2 (will mature in 120 months)
Sukanya Samriddhi Account Scheme 7.6 7.6

2. This has the approval of the competent authority.


1. The Finance Secretary & Secretary
Expenditure, Department of Expenditure
North Block, New Delhi.

2. The Secretary,
Department of Economic Affairs
North Block, New Delhi.

3. The Secretary,
Department of Revenue
North Block, New Delhi.

4. The Secretary,
Department of Financial Services
Jeevan Deep Building, Neve Delhi.

5. The Secretary,
Department of Posts
Dak Bhawan, New Delhi.

7. Reserve Bank of India
Central Account Section, Additional
Office Building. East High Court Road,
Civil Lines, P.B. No.15, Nagpur – 440 001.

8. Chief Secretaries of states/UT Government

9. The Joint Director
National Savings Institute, New Delhi.

Also Read: 

Interest rates of small saving schemes for October 22 to December 22

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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