Post office (POSB) interest rate from 1st October 2022 | Revised interest rates for Small Savings Schemes (POSB) for 3rd quarter of Fy 2022

F.No.1/4/2019-NS

Government of India

Ministry of Finance

Department of Economic Affairs

(Budget Division)

Dated: 29.09.2022

Office Memorandum

Subject: Revision of new interest rates for Post Office Small Savings Schemes - reg

The rates of interest on various Post Office Small Savings Schemes (National Small Savings Scheme) for the third quarter of financial year 2022-23 starting from 1st October, 2022 and ending on 31st December, 2022 have been revised as detailed below:

Post Office Small Savings Scheme Interest Rates from 01st October 2022:

Post Office Savings Scheme Name	Rate of interest from 01.07.2022 to 30.09.2022	Rate of Interest from 01.10.2022 to 31.12.2022
Savings Bank A/c	04%	04%
Recurring Deposit Account	5.8%	5.8%
Term Deposit 1year/2 years/3 years/5 years	5.5%, 5.5%,5.5% & 6.7%	5.5%, 5.7%,5.8% & 6.7%
Monthly Income Scheme	6.6%	6.7%
National Savings Certificate(NSC)	6.8%	6.8%
Kisan Vikas Patra (KVP)	6.9% (124 Months)	7.0% (123 Months)
Public Provident Fund (PPF)	7.1%.	7.1%.
Senior Citizen Saving Scheme	7.4%	7.6%
Sukanya Samriddhi Yojana	7.6%	7.6%

What is the Revised Rate of Interest for Senior Citizen Savings Scheme (SCSS) in Post Office from 01st October 2022?

7.6%

What is the Revised Rate of Interest for Kisan Vikas Patra (KVP) Scheme in Post Office from 01st October 2022?

 7.0% (will Doubled in 123 Months)

What is the Revised Rate of Interest for Monthly Income (MIS) Scheme in Post Office from 01st October 2022?

6.7%

Which of the Post Office Schemes did not get revised interest rates from 01st October 2022?

SB A/c, RD A/c, NSC, PPF & SSA Accounts

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