Revision of Interest Rates for Small Savings Schemes 01-04-2023 To 30-06-2023
- The rates of interest on various Small Savings Schemes for the first quarter of financial year 2023-24 starting from 1st April, 2023 and ending on 30th June, 2023 have been revised
Revision of interest rates on Small Savings Schemes for Q1 of FY 2023-24.
North Block, New Delhi
Date: March 31, 2023
Government of India
Ministry of Finance
Department of Economic Affairs
Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the first quarter of financial year 2023-24 starting from 1st April, 2023 and ending on 30th June, 2023 have been revised as detailed below:
|Instrument||Rates of interest from 01.01.2023 to 31.03.2023||Rates of interest from 01.04.2023 to 30.06.2023|
|1 Year Time Deposit||6.6||6.8|
|2 Year Time Deposit||6.8||6.9|
|3 Year Time Deposit||6.9||7.0|
|5 Year Time Deposit||7.0||7.5|
|5 Year Recurring Deposit||5.8||6.2|
|Senior Citizen Savings Scheme||8.0||8.2|
|Monthly Income Account Scheme||7.1||7.4|
|National Savings Certificate||7.0||7.7|
|Public Provident Fund Scheme||7.1||7.1|
|Kisan Vikas Patra||7.2 (will mature in 120 months)||7.5 (will mature in 115 months)|
|Sukanya Samriddhi Account Scheme||7.6||8.0|
2. This has the approval of competent authority.
Deputy Secretary (Budget)