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Small Savings Schemes Interest Rates from Jan 2023 to March 2023

December 31, 2022 Leave a Comment

Small Savings Schemes Interest Rates from Jan 2023 to March 2023

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:

InstrumentRates of interest from 01.07.2022 to 30.09.2022Rates of interest from 01.10.2022 to 31.12.2022
Savings Deposit4.04.0
1 Year Time Deposit5.56.6
2 Year Time Deposit5.76.8
3 Year Time Deposit5.86.9
5 Year Time Deposit6.77.0
5 Year Recurring Deposit5.85.8
Senior Citizen Savings Scheme7.68.0
Monthly Income Account Scheme6.77.1
National Savings Certificate6.87.0
Public Provident Fund Scheme7.17.1
Kisan Vikas Patra7.0 (will mature in 123 months7.2 (will mature in 120 months)
Sukanya Samriddhi Account Scheme7.67.6


2. This has the approval of competent authority.

(Garud RD)
Under Secretary to Govt. of India


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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