Latest Small Savings Scheme Interest Rate 2023
1 minute read
Checkout the latest Small Savings Scheme Interest Rate 2023 which includes post office 1-3-year term deposits and 5-year recurring deposits, saving certificates such as National Saving Certificates and Kisan Vikas Patra, Sukanya Samriddhi Account and Senior Citizens Savings Scheme. The small savings interest rates are set by the Government of India, which is linked to market yields on G-secs with a lag and are reviewed on a quarterly basis at a spread ranging from 0-100 basis points over and above G-Sec yields of comparable maturities (1% = 100 Basis Points).
Also Know – Latest Fixed Deposit Rates in India – All Bank Updates
Latest Small Savings Scheme Interest Rate for Jan to March 2023
| Investments | Rate of Interest (Oct to Dec 2022) | Revised Rate of Interest (Oct to Dec 2023) |
| Savings Deposit | 4.0% | 4.0% |
| Post Office Time Deposits :
1 Years Time Deposits 2 Years Time Deposits 3 Years Time Deposits 5 Years Time Deposits |
5.5% 5.7% 5.8% 6.7% |
6.9% 7.00% 7.00% 7.5% |
| 5 Years Recurring Deposits | 5.8% | 6.7% |
| Senior Citizen Saving Schemes (SCSS) | 7.6% | 8.2% |
| Monthly Income Account Scheme | 6.7% | 7.4% |
| National Saving Certificate (NSC) | 6.8% | 7.7% |
| Public Provident Fund (PPF) | 7.10% | 7.10% |
| Kisan Vikas Patra (KVP) | 7.0% (Maturity 123 months) | 7.50% (maturing 115 Months) |
| Sukanya Samriddhi Yojana | 7.60% | 8.00% |
| Mahila Samman Cetificate | 7.5% |
Subscribe Askbanking to get the latest updates on Small Savings Scheme Interest Rate 2023.
1 Comment