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GoI keeps interest rates on Small Savings Schemes unchanged for Q1 (April-June 2022)

GoI keeps interest rates on Small Savings Schemes unchanged for Q1 (April-June 2022)_50.1

The Ministry of Finance has decided to keep the interest rates unchanged on small savings schemes or post office schemes for the Quarter -1 of FY2022-23 (April-June 2022). The interest rates on the various instruments for April-June 2022 range from 4.0 per cent to 7.6 per cent. It must be noted that the Government notifies the Interest rates for small savings schemes on a quarterly basis. This is the eighth consecutive quarter when the interest rates on small savings instruments remained unchanged.

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Interest Rates for Quarter-1 (April-June) of 2022-23 are listed below:

Small Savings Instruments Interest Rate For Apr-June 2022 Compounding frequency
Savings deposit 4.0% Annually
One-year time deposit 5.5% Quarterly
Two-year time deposit 5.5% Quarterly
Three-year time deposit 5.5% Quarterly
Five-year time deposit 6.7% Quarterly
Five-year recurring deposit 5.8% Quarterly
Senior Citizen Savings Scheme 7.4% Quarterly and Paid
Monthly Income Account 6.6% Monthly and Paid
National Savings Certificate 6.8% Annually
Public Provident Fund Scheme 7.1% Annually
Kisan Vikas Patra 6.9% Annually
Sukanya Samriddhi Account Scheme 7.6% Annually

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GoI keeps interest rates on Small Savings Schemes unchanged for Q1 (April-June 2022)_60.1

GoI keeps interest rates on Small Savings Schemes unchanged for Q1 (April-June 2022)_70.1

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