Government revised interest rates for Small Savings Schemes
Subject. Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the fourth quarter of the FY 2022-23 starting from 1st January, 2023 and ending on 3tv March, 2023 have been revised as detailed below:
| Instrument | Rates of interest rest from 01.10.2022 to 31.12.2022 | Rates of Interest from 01.01.2023 to 31.03.2023 |
| 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 the competent authority
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