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April 2, 2022

Interest rates of small saving schemes for April 22 to June 22

by CA Shivam Jaiswal in Income Tax

Interest rates of small saving schemes for April 22 to June 22


Government of India

Ministry of Finance

Department of Economic Affairs

(Budget Division) North Block, New Delhi

The rate of interest on various Small Savings Schemes for the first quarter of financial year 2022-23 starting from 1 April, 2022 and ending on 30th June, 2022 shall remain unchanged from the current rates applicable for the fourth quarter (1st January, 2022 to 31st March, 2022) of FY 2021-22.

2. This has the approval of the competent authority.

(Rajesh Pawar)

Deputy Director (NS)

Interest rates Chart on Savings Schemes for financial year 2021-22 and 2022-23

SI. No.National Savings SchemeRate of interest w.e.f. 01.04.2021 to 31.03.2022 (%)Rate of interest w.e.f 01.04.2022 to 30.06.2022 (unchanged)Compounding Frequency*

1.Post Office Savings Account4.04.0Annually
2.1 Year Time Deposit5.55.5Quarterly
3.2 Year Time Deposit5.55.5Quarterly
4.3 Yeai Time Deposit5.55.5Quarterly
5.5 Year Time Deposit6.76.7Quarterly
6.5 Year Recurring Deposit Scheme5.85.8Quarterly
7.Senior Citizen Savings Scheme7.47.4Quarterly and Paid
8.Monthly Income Account6.66.6Monthly and paid
9.National Savings Certificate (VIII Issue)6.86.8Annually
10.Public Provident Fund Scheme7.17.1Annually  
11.Kisan Vikas Patra6.9 (will mature in 124 months)6.9 (will mature in 124 months)Annually
12.Sukanya Samriddhi Account Scheme7.67.6Annually

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