Senior Citizen Savings Scheme Interest Rate
Revision Rates of Interest on Various Small Savings Schemes 01-07-2023 to 30-09-2023
Rates of interest from 01.07.2023 to 30.09.2023 (Senior Citizen Savings Scheme, Kisan Vikas Patra, Sukanya Samriddhi Account Scheme, Public Provident Fund Scheme and National Savings Certificate)
The rates of interest on various Small Savings Schemes for the second quarter of financial year 2023-24 starting from 1st July, 2023 and ending on 30th September, 2023 have been revised
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
OFFICE MEMORANDUM
Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the second quarter of financial year 2023-24 starting from 1st July, 2023 and ending on 30th September, 2023 have been revised as detailed below:
| Instrument | Rates of interest from 01.04.2023 to 30.06.2023 | Rates of interest from 01.07.2023 to 30.09.2023 |
| Savings Deposit | 4.0 | 4.0 |
| 1 Year Time Deposit | 6.8 | 6.9 |
| 2 Year Time Deposit | 6.9 | 7.0 |
| 3 Year Time Deposit | 7.0 | 7.0 |
| 5 Year Time Deposit | 7.5 | 7.5 |
| 5 Year Recurring Deposit | 6.2 | 6.5 |
| 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 | 8.0 | 8.0 |
2. This has the approval of competent authority.
(Kapil Patidar)
Deputy Secretary (Budget)
Tele – 01123092649
SOURCE: https://dea.gov.in/
Revision rates of interest on various Small Savings Schemes 01-04-2023 to 30-06-2023
Rates of interest from 01.04.2023 to 30.06.2023 (Senior Citizen Savings Scheme, Kisan Vikas Patra, Sukanya Samriddhi Account Scheme, Public Provident Fund Scheme and National Savings Certificate)
- 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
F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
OFFICE MEMORANDUM
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 |
| Savings Deposit | 4.0 | 4.0 |
| 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.
SD/-
(Kapil Patidar)
Deputy Secretary (Budget)
SOURCE: https://dea.gov.in/