Revision of interest rates for Small Savings Schemes
The rates of interest on various Small Savings Schemes for the second quarter of financial year 2023-24 starting from 1st July, 2023 and ending on 30th September, 2023 have been revised as detailed below:
| Instrument | Rates of interest from 01.04.2023 to 30.06.2023 | Rates of interest from 01.07.2023 to 30.09.2023 | ||
| Savings Deposit | 4.0 | 4.0 | ||
| 1 Year Time Deposit | 6.8 | 6.9 | ||
| 2 Year Time Deposit | 6.9 | 7.0 | ||
| 3 Year Time Deposit | 7.0 | 7.0 | ||
| 5 Year Time Deposit | 7.5 | 7.5 | ||
| 5 Year Recurring Deposit | 6.2 | 6.5 | ||
| Senior Citizen Savings Scheme | 8.2 | 8.2 | ||
| Monthly Income Account Scheme | 7.4 | 7.4 | ||
| National Savings Certificate | 7.7 | 7.7 | ||
| Public Provident Fund Scheme | 7.1 | 7.1 | ||
| Kisan Vikas Patna | 7.5 (will mature in months) | 115 | 7.5 (will mature in months) | 115 |
| Sukanya Samriddhi Account Scheme | 8.0 | 8.0 | ||
This has the approval of competent authority.
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