Interest Rates On Small Savings Schemes (Post Office Savings Schemes) Unchanged for First Quarter of Fy 2022-23 | SB Order 05/2022
SB Order No. 05/2022. SB Order 05/2022. Dated 31.03.2022
Subject - Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2022
1. Sukanya Samriddhi Yojana - 7.6%,
2. Senior Citizen Saving Scheme - 7.4%
3. Public Provident Fund (PPF) - 7.1%.
4. Kisan Vikas Patra (KVP) - 6.9% (124 Months)
5. National Savings Certificate(NSC) - 6.8%
6. Term Deposit 1year/2 years/3 years/5 years - 5.5% & 6.7%
7. Monthly Income Scheme - 6.6%
8. Recurring Deposit Account - 5.8%
9. Savings Bank A/c - 04%
On the other hand, SBI's 5-10 year fixed deposits attracted 5.50% interest rates. Interest rates for small savings schemes are reviewed on a quarterly basis.
The undersigned is directed to say that, vide memorandum No. 01/04/2019 NS dated 31.03.2022 enclosed), Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2022-23 (starting from 1st April, 2022 and ending on 30th June, 2022) shall remain unchanged from the current interest rates applicable for the fourth quarter 1st January, 2022 to 31st March, 2022) of Financial Year 2021 2022.
2. It is requested to circulate it to all concerned for information, guidance and necessary action. Same may also be placed on the notice board of all Post Offices in public area.
