Revision of interest rates for Small Savings Schemes for the 3rd quarter of financial year 2023-24
Revision of interest rates for Small Savings Schemes for the third quarter of financial year 2023-24 starting from 1st October, 2023 and ending on 31st December, 2023
F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 29.09.2023
OFFICE MEMORANDUM
Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the third quarter of financial year 2023-24 starting from 1st October, 2023 and ending on 31st December, 2023 have been revised as detailed below:
| Instrument | Rates of interest from 01.07.2023 to 30.09.2023 | Rates of interest from 01.10.2023 to 31.12.2023 |
| Saving Deposit | 4.0 | 4.0 |
| 1 Year Time Deposit | 6.9 | 6.9 |
| 2 Year Time Deposit | 7.0 | 7.0 |
| 3 Year Time Deposit | 7.0 | 7.0 |
| 5 Year Time Deposit | 7.5 | 7.5 |
| 5 Year Recurring Deposit | 6.5 | 6.7 |
| 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 Patra | 7.5 (will mature in 115 months) | 7.5 (will mature in 115 months) |
| Sukanya Samriddhi Account Scheme | 8.0 | 8.0 |
2. This has the approval of competent authority.
(Kapil Patidar)
Deputy Secretary (Budget)
Tele – 01123092649
Source: Department of Economic Affairs
📢 Stay Updated with GConnect
Join our Whatsapp channels for the latest news and job updates:
Join GConnect News Join GConnect Jobs
GConnect News
GConnect Jobs
📢 Stay Updated with GConnect
Join our Whatsapp channels for the latest news and job updates:
Join GConnect News Join GConnect JobsGConnect News
GConnect Jobs
You might also like:
CBDT Notifies New Forms and Procedure for PAN Corrections; Effective from April 1, 2026
KVS Discontinues Offline Fee Payment via Union Bank Challan from April 1, 2026
KVS Directs Strict Compliance on e-Pension Processing; Warns Against Delays in Retiral Benefits
DoPT Notifies Amended Recruitment Rules for 11 Faculty Posts in ISTM
NC-JCM Flags Key Concerns, Seeks Changes in Memorandum Submission Process for 8th CPC
Posting of Husband and Wife at Same Station: No Proposal to Extend Policy to Autonomous Bodies