SB Order 26/2022: Revised Post Office (POSB) Interest Rates for the year 2023 - Fourth Quarter Small Savings Schemes Interest Rates
SB Order No. 26/2022: Revised Post Office Interest Rates w.e.f 01st January 2023.
F. No 113-03/2017-SB(Pt.1)
(Financial Services Division)
Dated: 30.12.2022
Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023
Download SB Order 26/2022: Revised Postal Interest Rates 2023 in PDF
The undersigned is directed to say that, vide memorandum No. 0l/04/2019-NS dated 30.12.2022 (copy 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) (POSB Interest Rates) for the fourth quarter of financial year 2022-23 (starting from 1st January, 2023 and ending on 31st March, 2023) have been revised as under.
|
Post
Office Savings Scheme Name |
Post
Office Interest Rate from 01.01.2023 to 31.03.2023 |
|
Savings
Bank A/c |
04% |
|
Recurring
Deposit Account |
5.8% |
|
Term
Deposit 1year/2 years/3 years/5 years |
6.6%, 6.8%,6.9% &
7.0% |
|
Monthly
Income Scheme |
7.1% |
|
National
Savings Certificate(NSC) |
7.0% |
|
Kisan
Vikas Patra (KVP) |
7.2%
(120 Months) |
|
Public
Provident Fund (PPF) |
7.1%. |
|
Senior
Citizen Saving Scheme |
8.0% |
|
Sukanya
Samriddhi Yojana |
7.6% |
2. It is requested to circulate it to aII concerned for information and necessary guidance. Same may also be placed on the notice board of all Post Offices in public area. The relevant calculation tables will be supplied in due course on receipt from the DEA,MoF.
3. This is issued with the approval ofthe Competent Authority.
