Small Savings Schemes Interest Rate for the 4th Qtr of FY 2022-23 from 01.01.2023 to 31.03.2023: Hike in Time Deposit, SCSS, MIS, NSC & KVP rate
F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 30.12.2022
OFFICE MEMORANDUM
Subject: Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the fourth quarter of FY 2022-23 starting from 1st January, 2023 and ending on 31st March, 2023 have been revised as detailed below:
| Instrument | Rates of interest from 01.07.2022 to 30.09.2022 | Rates of interest from 01.10.2022 to 31.12.2022 |
| Savings Deposit | 4.0 | 4.0 |
| 1 Year Time Deposit | 5.5 | 6.6 |
| 2 Year Time Deposit | 5.7 | 6.8 |
| 3 Year Time Deposit | 5.8 | 6.9 |
| 5 Year Time Deposit | 6.7 | 7.0 |
| 5 Year Recurring Deposit | 5.8 | 5.8 |
| Senior Citizen Savings Scheme | 7.6 | 8.0 |
| Monthly Income Account Scheme | 6.7 | 7.1 |
| National Savings Certificate | 6.8 | 7.0 |
| Public Provident Fund Scheme | 7.1 | 7.1 |
| Kisan Vikas Patra | 7.0 (will mature in 123 months | 7.2 (will mature in 120 months) |
| Sukanya Samriddhi Account Scheme | 7.6 | 7.6 |
Previous: Small Savings Schemes Interest Rate for the 3rd Qtr of FY 2022-23 from 01.10.2022 to 31.12.2022
9. This has the approval of competent authority.
(Garud RD)
Under Secretary to Govt. of India
Tele — 01123095764
1. The Finance Secretary & Secretary
Expenditure, Department of Expenditure
North Block, New Delhi.
2. The Secretary, Department of Economic Affairs
North Block, New Delhi.
3. The Secretary,
Department of Revenue
North Block, New Delhi.
4. The Secretary,
Department of Financial Services
Jeevan Deep Building, New Delhi.
5. The Secretary,
Department of Posts
Dak Bhawan, New Delhi.
6. The Chief General Manager (DGBA)
Reserve Bank of India, Central Office,
Mumbai.
7. Reserve Bank of India
Central Account
Additional Office Building
East High Court Road, Civil Lines, P.B. No.15,
Nagpur — 440 OO1.
8 Chief Secretaries of States /
UT Section Government
9. The Joint Director
National Savings Institute
New Delhi.
COMMENTS