What are the latest Small Savings Scheme rates?
This article shows you the latest Small Savings scheme rates as a ready reckoner for intvestors looking to invest in such schemes.
What are the latest Small Savings Scheme rates?
Posted on 30 Sep 2023
Author: Sayan Sircar
Tags: 
News
4 mins read
News
š¢Get new post notifications on WhatsApp!
This article shows you the latest Small Savings scheme rates as a ready reckoner for intvestors looking to invest in such schemes.
š Topics covered:
- What are the latest Small Savings Scheme rates?
- What is the latest Small Savings Scheme notification?
What are the latest Small Savings Scheme rates?
Small savings schemes include post office deposits, Monthly Income Account Scheme (MIS), Senior Citizen Savings Scheme (SCSS), National Savings Certificate (NSC), Public Provident Fund (PPF) scheme, Kisan Vikas Patra (KVP), and Sukanya Samriddhi Account (SSA) Scheme.
Rates updated on 04-Oct-2023
| Instrument | Rates of interest from 01-Oct-2023 to 31-Dec-2023 |
|---|---|
| Saving Deposit | 4.0% |
| 1 Year Time Deposit | 6.9% |
| 2 Year Time Deposit | 7.0% |
| 3 Year Time Deposit | 7.0% |
| 5 Year Time Deposit | 7.5% |
| 5 Year Recurring Deposit | 6.7% |
| Senior Citizen Savings Scheme (SCSS) | 8.2% |
| Monthly Income Account Scheme (MIS) | 7.4% |
| National Savings Certificate (NSC) | 7.7% |
| Public Provident Fund (PPF) scheme | 7.1% |
| Kisan Vikas Patra (KVP) | 7.5% (will mature in 115 months) |
| Sukanya Samriddhi Account (SSA) Scheme | 8.2% |
Source:: https://dea.gov.in/budgetdivision/interest-rates
Join the Arthgyaan WhatsApp community: You can stay updated on our latest content and learn about our webinars. Our community is fully private so that no one, other than the admin, can see your name or number. Also, we will not spam you.
What is the latest Small Savings Scheme notification?
The official notification page for Small Savings Scheme has the following document:
The direct link is here: link.
What's next? You can join the Arthgyaan WhatsApp community
You can stay updated on our latest content and learn about our webinars. Our community is fully private so that no one, other than the admin, can see your name or number. Also, we will not spam you.If you liked this article, please leave us a rating
The following button will take you to Trustpilot:Discover an article from the archives
Worked out case studies for goal-based investing
-
Case study: how can this middle aged investor with two children plan for retirement and children's goals?
This article shows how a single-income middle aged couple with two small children reach their retirement and childrenās goals.
-
Case study: can this double income single kid family reach FIRE at 50?
This article shows how a double-income couple with a 2-year old reach their FIRE dream at the age of 50.
-
Case study: how a family in their mid-30s with a newborn kid can FIRE and invest in real estate?
This article shows how a double-income couple with a newborn child can invest for their future goals of FIRE and real-estate investment.
-
Case study: how this double income recently married family can perform DIY goal-based investment planning
This article shows how a young just-married couple can invest for future goals using the Arthgyaan goal-based investing tool.
-
Case Study: How should couples in their 40s with a new baby plan their financial future?
Did you welcome a bundle of joy in your 40s? This article will discuss ways of planning the childās (and yourās financial future)
-
Case study: how this double income single kid family can perform DIY goal-based investment planning
This article shows how a very typical salaried couple with one child can invest for future goals using the Arthgyaan goal-based investing tool.
Previous and next articles:
House Purchase
Step by step
How to Buy Your Dream Home Without Any Savings: A Step-by-Step Guide
This article shows how sufficient cash flow is the key to purchasing a house, even if you are yet to save for the down payment.
Published: 30 September 2023
11 MIN READ
Retirement
Late to plan retirement: how much money does this 48 year old investor need to invest per month to retire at 60?
Many investors are late to start retirement planning. This article shows what they should do to catch up.
Published: 1 October 2023
8 MIN READ
Latest articles:
Market Movements
How to invest a lump sum amount when the stock market is at an all-time high?
This article shows how an investor should invest a lump sum amount in the stock market when the market has reached an all time high.
Published: 10 December 2023
4 MIN READ
Market Movements
Nifty above 21000: what should you do with your equity SIPs? Start, stop or continue?
As the market keeps rising to new all-time high figures, how much returns should equity investors expect from their investments running in SIP form.
Published: 8 December 2023
3 MIN READ
Topics you will like:
Asset Allocation (20) Basics (8) Behaviour (10) Budgeting (11) Calculator (17) Case Study (6) Children (14) Choosing Investments (40) FAQ (7) FIRE (13) Gold (14) Health Insurance (4) House Purchase (21) Insurance (15) International Investing (10) Life Stages (2) Loans (13) Market Movements (17) Mutual Funds (34) NPS (6) NRI (15) News (10) Pension (8) Portfolio Construction (47) Portfolio Review (27) Reader Questions (6) Real Estate (6) Retirement (38) Review (13) Risk (6) Safe Withdrawal Rate (5) Set Goals (27) Step by step (15) Tax (43)Next steps:
1. Email me with any questions.
2. Use our goal-based investing template to prepare a financial plan for yourselfOR
use this quick and fast online calculator to find out the SIP amount and asset allocation for your goals.
Don't forget to share this article on WhatsApp or Twitter or post this to Facebook.
Discuss this post with us via Facebook or get regular bite-sized updates on Twitter.
More posts...Disclaimer: Content on this site is for educational purpose only and is not financial advice. Nothing on this site should be construed as an offer or recommendation to buy/sell any financial product or service. Please consult a registered investment advisor before making any investments.
This post titled What are the latest Small Savings Scheme rates? first appeared on 30 Sep 2023 at https://arthgyaan.com
We are currently at 327 posts and growing fast. Search this site: Copyright Ā© 2021-2023 Arthgyaan.com. All rights reserved.