SB Order 15/2023 – Post Office Interest rate July 2023

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SB Order 15/2023 – Revision of interest rates for Small Savings Schemes w.e.f. 01.07.2023

Letter NumberF. No 113-03/2017-SB(Pt.1)
Letter Dated30.06.2023
Issued byDepartment of Posts
(Financial Services Division)
SubjectSB Order 15/2023 – Post Office Interest rate July 2023
Signed By(Devender Sharma)
Assistant Director (SB-II)
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SB Order 15/2023

Ministry of Finance, Department of Economic Affairs (Budget Division), Government of India vide Memorandum No. 01/4/2019-NS dated 30.06.2023 (copy enclosed) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the second quarter of financial year 2023-24 starting from 1st July, 2023 and ending on 30th September, 2023 have been revised as under: –

Sl. No.InstrumentRates of interest from 01.04.2023 to 30.06.2023Rates of interest from 01.07.2023 to 30.09.2023
1Saving Deposit4.04.0
21 Year Time Deposit6.86.9
32 Year Time Deposit6.97.0
43 Year Time Deposit7.07.0
55 Year Time Deposit7.57.5
65 Year Recurring Deposit6.26.5
7Senior Citizen Savings Scheme8.28.2
8Monthly income Account Scheme7.47.4
9National Savings Certificate7.77.7
10Public Provident Fund Scheme7.17.1
11Kisan Vikas Patra7.5
(will mature in 115 months)
7.5
(will mature in 115 months)
12Sukanya Samriddhi Account Scheme8.08.0

2. It is requested to circulate it to all concerned for information, guidance and necessary action. Same may also be placed on the notice board of all Post Offices in public area. The relevant calculation tables will be supplied in due course on receipt from the DEA/MOF.

3. This issues with the approval of the Competent Authority.

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