Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2022 : SB Order No. 15/2022

Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2022 : SB Order No. 15/2022

Revision of interest rates for Small Savings Schemes w.e.f. 01.10.2022 : SB Order No. 15/2022

SB Order No. 15/2022

No 113-03/2017-SB(Pt.I)
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. Ol/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 / SchemeRate of Interest from 01.07.2022 to 30.09.2022Rate of Interest from 01.10.2022 to 31.12.2022
1.Post Office Savings Account4.04.0
2.1Year Time Deposit5.55.5
3.2 Year Time Deposit5.55.7
4.3 Year Time Deposit5.55.8
5.5 Year Time Deposit6.76.7
6.5 Year Recurring Deposit5.85.8
7.Senior Citizen Savings Scheme7.47.6
8.Monthly Income Account Scheme6.66.7
9.Sukanya Samriddhi Account Scheme7.67.6
10.Public Provident Fund Scheme7.17.1
11.National Savings Certificate6.86.8
12.Kisan Vikas Patra

6.9 (will mature in 124 months)

7.0 (will mature in 123 months)

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2. It is requested to circulate it to all concerned for information and necessary 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)

Enclosure:

Small Savings Schemes Interest Rate for the 3rd Qtr of FY 2022-23 from 01.10.2022 to 31.12.2022 – Finmin

Copy to:

  1. Sr. PPS to Secretary (Posts)
  2. PS to Director General Postal Services.
  3. PPS/ PS to Addl. DG (Co·ordination)/Member (Banking)/ Member (0)/ Member (P)/ Member (Planning & HRD)/ Member (PLI)/ Member (Tech)/AS & FA
  4. Director General, APS, New Delhi
  5. Chief General Manager, BD Directorate / Parcel Directorate/PLI Directorate
  6. Deputy Director General (Vigilance) & CVO)/Sr. Deputy Director General (PAF)
  7. Director, RAKNPA/GM, CEPT/Directors of all PTCs
  8. Director General P & T (Audit), Civil Lines, New Delhi
  9. Secretary, Postal Services Board/ All Deputy Directors General
  10. All General Managers (Finance) / Directors Postal Accounts/DDAP
  11. Chief Engineer (Civil), Postal Directorate
  12. All Sections of Postal Directorate
  13. All recognized Federations / Unions / Associations
  14. GM, CEPT for kind information and necessary
  15. Deputy Secretary, DEA, MoF, NS·II, North Block, New Delhi -110001.
  16. Joint Director & HOD, ICCW Building, 4 Deendayal Upadhyay Marg, New Delhi· 110002
  17. Guard File
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(T.C.VIJAYAN)
Assistant Director (SB-I)

Click here to view/download Revised Rates for Small Savings Schemes wef 01.10.2022

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