Interest Rates For Various Post Office Schemes Remain Unchanged For Quarter Ending September

The government sets the interest rates for small savings schemes, including post office savings schemes such as PPF, SSY, and senior citizens savings schemes, at the start of each quarter. At the end of each quarter, the government of India announces new rates for post office savings schemes. The first quarter of FY22-23 ends on June 30.

According to the Ministry of Finance in a circular dated June 30, 2022, the government has maintained the small savings interest rates for the July-September quarter of the fiscal year 2022-23. Schemes like Public Provident Fund (PPF) will continue to earn 7.10%, and Senior Citizen Savings Scheme (SCSS) will continue to get 7.40% interest rate. While the post office time deposits will continue to get 5.5-6.7% interest rate. Interest rates have remained the same for several months thanks to the government.

Investors in small schemes like the Sukanya Samriddhi Yojana (SSY) and Public Provident Fund (PPF) will continue to earn the same interest rate as they have up until the quarter ending September 30, 2022. These schemes will offer the same interest rates on new investments made during the quarter of July to September 2022.

The interest rates for several small savings scheme for the July-September Quarter of FY 2022-23.

National Savings Time Deposit Account

Period	Interest rate (%)	Compounding frequency
1 year Deposit	5.50%	Quarterly
2 year Deposit	5.50%	Quarterly
3 year Deposit	5.50%	Quarterly
5 Year Deposit	6.70%	Quarterly

Other Post Office Scheme & Deposits

Scheme	Interest rate (%)	Compounding frequency
Savings deposit	4.00%	Annually
Senior Citizen Savings Scheme	7.40%	Quarterly and Paid
Recurring Deposit	5.80%	Quarterly
Monthly Income Scheme	6.60%	Monthly & Paid
National Savings Certificate	6.80%	Annually
Public Provident Fund	7.10%	Annually
Sukanya Samridhni Account	7.60%	Annually
Kisan Vika Patra	6.90%	124 Months