Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023 – SB Order No. 26/2022

Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023 – SB Order No. 26/2022

Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023 – SB Order No. 26/2022

SB Order No. 26/2022

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: 30.12.2022

To

All Head of Circles/Regions

Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023

Madam / Sir,

The undersigned is directed to say that, vide memorandum No. 01/04/2019-NS dated 30.12.2022 (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 January, 2023 and ending on 31st March, 2023) have been revised as under.

Sl. No.Instrument / SchemeRates of interest from 01.10.2022 to 31.12.2022Rates of interest from 01.01.2023 to 31.03.2023
1.Post Office Savings Deposit4.04.0
2.1 Year Time Deposit5.56.6
3.2 Year Time Deposit5.76.8
4.3 Year Time Deposit5.86.9
5.5 Year Time Deposit6.77.0
6.5 Year Recurring Deposit5.85.8
7.Senior Citizen Savings Scheme7.68.0
8.Monthly Income Account Scheme6.77.1
9.Sukanya Samriddhi Account Scheme7.67.6
10.Public Provident Fund Scheme7.17.1
11.National Savings Certificate6.87.0
12.Kisan Vikas Patra7.0
(will mature in 123 months
7.2
(will mature in 120 months)
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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.

Government of India, Ministry of Finance, Department of Economic Affairs’ O.M. F.No.1/4/2019-NS dated 30.12.2022 [Small Savings Schemes Revised Interest Rates for the 4th Qtr of FY 2022-23 from 01.01.2023 to 31.03.2023: Revision in Time Deposit, SCSS, MIS, NSC & KVP rate]

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

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