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Status-quo for interest rates of small-savings schemes

Small-savings schemes, like the PPF and the NSC will continue to earn the same interest rates in the first quarter of FY23 as they did in the previous quarter. Here are the applicable rates

Interest rates of small-savings schemes remain unchanged

In the following table, you will find the current and historical trends in interest rates of all the important government-backed savings schemes over the past eight quarters.

Apr-Jun, 2022 Jan-Mar, 2022 Oct-Dec, 2021 Jul-Sep, 2021 Apr-Jun, 2021 Jan-Mar, 2021 Oct-Dec, 2020 Jul-Sep, 2020
PORD 5 year 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8
POTD 1 year 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5
POTD 2 year 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5
POTD 3 year 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5
POTD 5 year 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7
POMIS 6.6 6.6 6.6 6.6 6.6 6.6 6.6 6.6
PPF 7.1 7.1 7.1 7.1 7.1 7.1 7.1 7.1
SSY 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6
SCSS 7.4 7.4 7.4 7.4 7.4 7.4 7.4 7.4
NSC 6.8 6.8 6.8 6.8 6.8 6.8 6.8 6.8
KVP 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9
RBI 7.15% Bonds 7.15
PMVVY* 7.4
Index:PORD - Post Office Recurring Deposit
POTD - Post Office Time Deposit
POMIS - Post Office Monthly Income Scheme
SCSS - Senior Citizen Savings Scheme
NSC - National Savings Certificate
KVP - Kisan Vikas Patra
SSY - Sukanya Samriddhi Yojana
PMVVY - Pradhan Mantri Vaya Vandana Yojana
*For FY 2021-2022

SBI FD Rates

Tenors General Public Senior Citizens
7 days to 45 days 2.90 3.40
46 days to 179 days 3.90 4.40
180 days to 210 days 4.40 4.90
211 days to less than 1 year 4.40 4.90
1 year to less than 2 years 5.10 5.60
2 years to less than 3 years 5.20 5.70
3 years to less than 5 years 5.45 5.95
5 years and up to 10 years 5.50 6.30
Interest rates are applicable for a deposit of below Rs 2 crore as on March 31, 2022.

To get a comprehensive overview of the savings and investment options in India, click here