Latest Interest Rates : 2023
Post Office Small savings schemes that provide a high rate of interest as well as tax benefits and it carries the Sovereign guarantee of Indian Government.
Post office Small Saving Schemes - Current Interest Rates
| SMALL Savings Interest Rates for Oct-2023 to Dec-2023 | ||||
|---|---|---|---|---|
| SCHEMES | Q3 FY2023-24 |
Q2 FY2023-24 |
Change(%) | Compounding frequency |
| Savings; deposit | 4.0% | 4.0% | 0.0% | Annually |
| 1 year Time Deposit | 6.9% | 6.9% | 0% | Quarterly |
| 2 year Time Deposit | 7% | 7% | 0% | Quarterly |
| 3 year Time Deposit | 7% | 7% | 0% | Quarterly |
| 5 year Time Deposit | 7.5% | 7.5% | 0% | Quarterly |
| 5 year Recurring Deposit | 6.7% | 6.5% | 0.2% | Quarterly |
| 5 year Senior Citizen Savings Scheme | 8.2% | 8.2% | 0% | Quarterly & Paid |
| 5 year Monthly Income Account | 7.4% | 7.4% | 0% | Monthly and Paid |
| 5 year National Savings Certificate | 7.7% | 7.7% | 0% | Annually |
| Public Provident Fund | 7.1% | 7.1% | 0% | Annually |
| Kisan Vikas Patra | 7.5% | 7.5% | 0% | Annually |
| Sukanya Samriddhi Yojana | 8% | 8% | 0% | Annually |
Post office Small Saving Schemes - Details
| SCHEMES | Min. Deposit | Max. Deposit | Min. Balance | Tenure |
|---|---|---|---|---|
| Savings deposit | Rs.20 | No Limit | Rs.500 | N/A |
| 1 year Time Deposit | Rs.200 | No Limit | Rs.1000 | 1 year |
| 2 year Time Deposit | Rs.200 | No Limit | Rs.1000 | 2 years |
| 3 year Time Deposit | Rs.200 | No Limit | Rs.1000 | 3 years |
| 5 year Time Deposit | Rs.200 | No Limit | Rs.1000 | 5 years |
| 5 year Recurring Deposit | Rs.10 per month | No Limit | Rs.100 | 5 years |
| 5 year Senior Citizen Savings Scheme | Rs.1000 | 15 Lakhs | Rs.1000 | 5 years |
| 5 year Monthly Income Account | Rs.1500 | Rs.4.5 lakhs for Single & Rs.9.0 lakhs for Joint a/c |
Rs.1000 | 5 years |
| 5 year National Savings Certificate | Rs.100 | No Limit | Rs.1000 | 5 years |
| Public Provident Fund | Rs.500 | Rs.1.5 lakhs | Rs.1000 | 15 years |
| Kisan Vikas Patra | Rs.1000 | No Limit | Rs.1000 | 10 years 4Months |
| Sukanya Samriddhi Yojana | Rs.1000 | Rs.1.5 lakhs | Rs.250 | 21 years |
Click on the Above Schemes to know more details.
Trend of Post Office Small Saving Scheme Interest Rates
Here is the last few years of interest rates trend which would give an idea to the depositor how these interest rates are rising and falling.
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