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    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.




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