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 / 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. | 1Year 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 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:
- Sr. PPS to Secretary (Posts)
- PS to Director General Postal Services.
- PPS/ PS to Addl. DG (Co·ordination)/Member (Banking)/ Member (0)/ Member (P)/ Member (Planning & HRD)/ Member (PLI)/ Member (Tech)/AS & FA
- Director General, APS, New Delhi
- Chief General Manager, BD Directorate / Parcel Directorate/PLI Directorate
- Deputy Director General (Vigilance) & CVO)/Sr. Deputy Director General (PAF)
- Director, RAKNPA/GM, CEPT/Directors of all PTCs
- Director General P & T (Audit), Civil Lines, New Delhi
- Secretary, Postal Services Board/ All Deputy Directors General
- All General Managers (Finance) / Directors Postal Accounts/DDAP
- Chief Engineer (Civil), Postal Directorate
- All Sections of Postal Directorate
- All recognized Federations / Unions / Associations
- GM, CEPT for kind information and necessary
- Deputy Secretary, DEA, MoF, NS·II, North Block, New Delhi -110001.
- Joint Director & HOD, ICCW Building, 4 Deendayal Upadhyay Marg, New Delhi· 110002
- Guard File
(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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