The interest rates applicable on various National (Small) Savings Schemes are as under.
|
Interest rates (New) w.e.f 01.10.2023 |
|||
|
Sl.No. |
Scheme Details |
Rate of interest w.e.f 01.10.2023 to 31.12.2023 |
Compounding Frequency* |
|
01. |
Post Office Savings
Account |
4.0 |
Annually |
|
02. |
1 Year Time Deposit |
6.9 (Annual Interest
₹708 for ₹10,000/-) |
Quarterly |
|
03. |
2 Year Time Deposit |
7.0 (Annual Interest
₹719 for ₹10,000/-) |
Quarterly |
|
04. |
3 Year Time Deposit |
7.0 (Annual Interest
₹719 for ₹10,000/-) |
Quarterly |
|
05. |
5 Year Time Deposit |
7.5 (Annual Interest
₹771 for ₹10,000/-) |
Quarterly |
|
06. |
5 Year Recurring
Deposit Scheme |
6.7 |
Quarterly |
|
07. |
Senior Citizen Savings
Scheme |
8.2 (Quarterly
Interest ₹205 for ₹10,000/-) |
Quarterly and Paid |
|
08. |
Monthly Income
Account |
7.4 (Monthly Interest
₹62 for ₹10,000/-) |
Monthly and paid |
|
09. |
National Savings
Certificate (VIII Issue) |
7.7 (Maturity Value
₹14,490 for ₹10,000/-) |
Annually |
|
10. |
Public Provident Fund
Scheme |
7.1 |
Annually |
|
11. |
Kisan Vikas Patra |
7.5 (will mature in
115 months) |
Annually |
|
12. |
Mahila Samman Savings
Certificate |
7.5 (Maturity Value
₹11,602 for ₹10,000/-) |
Quarterly |
|
13. |
Sukanya Samriddhi
Account Scheme |
8.0 |
Annually |
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