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

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

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

F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 30.12.2022

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 2022-23 starting from 1st January, 2023 and ending on 31st March, 2023 have been revised as detailed below:

Instrument Rates of interest from 01.07.2022 to 30.09.2022 Rates of interest from 01.10.2022 to 31.12.2022
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 Recurring Deposit 5.8 5.8
Senior Citizen Savings Scheme 7.6 8.0
Monthly Income Account Scheme 6.7 7.1
National Savings 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 competent authority.

(Garud RD)
Under Secretary to Govt. of India
Tele — 01123095764

To,

  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, New Delhi.
  5. The Secretary,
    Department of Posts
    Dak Bhawan, New Delhi.
  6. The Chief General Manager (DGBA)
    Reserve Bank of India, Central Office,
    Mumbai.
  7. Reserve Bank of India
    Central Account
    Additional Office Building
    East High Court Road, Civil Lines, P.B. No.15,
    Nagpur — 440 OO1.
  8. Chief Secretaries of States /
    UT Section Government
  9. The Joint Director
    National Savings Institute
    New Delhi

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    […] 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 […]