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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