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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 08-Mar-2024

Instrument Rates of interest from 01-Mar-2024 to 30-Jun-2024
Saving Deposit 4.0%
1 Year Time Deposit 6.9%
2 Year Time Deposit 7.0%
3 Year Time Deposit 7.1%
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

Where is the latest Small Savings Scheme notification?

The direct link to the official notification page is here: link

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