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		<title>Interest rates for Small Savings Schemes from 01.07.2023 to 30.09.2023</title>
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					<description><![CDATA[<p>Revision of interest rates for Small Savings Schemes w.e.f.&#160;01.07.2023 F.No.1/4/2019-NSGovernment of IndiaMinistry of FinanceDepartment of Economic Affairs(Budget Division) North Block, New DelhiDated: 30.06.2023 OFFICE MEMORANDUM Subject: Revision of interest rates for Small Savings Schemes &#8211; reg. The rates of interest on various Small Savings Schemes for the second quarter of financial year 2023-24 starting from [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/interest-rates-for-small-savings-schemes-from-01-07-2023-to-30-09-2023/">Interest rates for Small Savings Schemes from 01.07.2023 to 30.09.2023</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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<p>Revision of interest rates for Small Savings Schemes w.e.f.&nbsp;01.07.2023</p>



<p class="has-text-align-center"><strong>F.No.1/4/2019-NS</strong><br />Government of India<br />Ministry of Finance<br />Department of Economic Affairs<br />(Budget Division)</p>



<p class="has-text-align-right">North Block, New Delhi<br />Dated: 30.06.2023</p>



<p class="has-text-align-center"><strong>OFFICE MEMORANDUM</strong></p>



<h3 class="wp-block-heading">Subject: Revision of interest rates for Small Savings Schemes &#8211; reg.</h3>



<p>The rates of interest on various Small Savings Schemes for the second quarter of financial year 2023-24 starting from 1st July, 2023 and ending on 30th September, 2023 have been revised as detailed below:</p>



<figure class="wp-block-table"><table><tbody><tr><td>Instrument</td><td>Rates of interest from 01.04.2023 to 30.06.2023</td><td>Rates of interest from 01.07.2023 to 30.09.2023</td></tr><tr><td>Saving Deposit</td><td>4.0</td><td>4.0</td></tr><tr><td>1 Year Time Deposit</td><td>6.8</td><td>6.9</td></tr><tr><td>2 Year Time Deposit</td><td>6.9</td><td>7.0</td></tr><tr><td>3 Year Time Deposit</td><td>7.0</td><td>7.0</td></tr><tr><td>5 Year Time Deposit</td><td>7.5</td><td>7.5</td></tr><tr><td>5 Year Recurring Deposit</td><td>6.2</td><td>6.5</td></tr><tr><td>Senior Citizen Savings Scheme</td><td>8.2</td><td>8.2</td></tr><tr><td>Monthly income Account Scheme</td><td>7.4</td><td>7.4</td></tr><tr><td>National Savings Certificate</td><td>7.7</td><td>7.7</td></tr><tr><td>Public Provident Fund Scheme</td><td>7.1</td><td>7.1</td></tr><tr><td>Kisan Vikas Patra</td><td>7.5 (will mature in 115 months)</td><td>7.5 (will mature in 115 months)</td></tr><tr><td>Sukanya Samriddhi Account Scheme</td><td>8.0</td><td>8.0</td></tr></tbody></table></figure>



<p>2. This has the approval of competent authority.</p>



<p class="has-text-align-right">(Kapil Patidar)<br />Deputy Secretary (Budget)</p>


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</div><p>The post <a href="https://centralgovernmentnews.com/interest-rates-for-small-savings-schemes-from-01-07-2023-to-30-09-2023/">Interest rates for Small Savings Schemes from 01.07.2023 to 30.09.2023</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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