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