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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
4 mins read
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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?

📚 Topics covered:

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

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What is the latest Small Savings Scheme notification?

The official notification page for Small Savings Scheme has the following document:

Small Savings Rates in Q4 2023

The direct link is here: link.

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This post titled What are the latest Small Savings Scheme rates? first appeared on 30 Sep 2023 at https://arthgyaan.com


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