SB Order 26/2022 – Post Office Interest Rate from 1st January 2023
SB Order 26/2022 – Regarding Revision in Interest Rate in Small Savings Scheme w.e.f. 1st January 2023
| Letter Number | F. No 113-03/2017-SB(Pt.1) |
| Letter Dated | 30.12.2022 |
| Issued by | Department of Posts (Financial Services Division) |
| Subject | SB Order 26/2022 – Revision in Interest Rate from 1st January 2023 |
| Signed By | AD (SB-I) |
| Download PDF | Click Here |
Related Posts
The undersigned is directed to say that, vide memorandum No. 01/04/2019-NS dated 30.12.2022 (copy enclosed), Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2022-23 (starting from 1st January, 2023 and ending on 31st March, 2023) have been revised as under.
| SI No | Instrument / Scheme | Rate of Interest from 01.10.2022 to 31.12.2022 | Rate of Interest from 01.01.2023 to 31.03.2023 |
| 1. | Post Office Savings Account | 4.0 | 4.0 |
| 2. | 1 Year Time Deposit | 5.5 | 6.6 |
| 3. | 2 Year Time Deposit | 5.7 | 6.8 |
| 4. | 3 Year Time Deposit | 5.8 | 6.9 |
| 5. | 5 Year Time Deposit | 6.7 | 7.0 |
| 6. | 5 Year Recurring Deposit | 5.8 | 5.8 |
| 7. | Senior Citizen Savings Scheme | 7.6 | 8.0 |
| 8. | Monthly Income Account Scheme | 6.7 | 7.1 |
| 9. | Sukanya Samriddhi Account Scheme | 7.6 | 7.6 |
| 10. | Public Provident Fund Scheme | 7.1 | 7.1 |
| 11. | National Savings Certificate | 6.8 | 7.0 |
| 12. | Kisan Vikas Patra | 7.0 (124 Months) | 7.2 (120 Months) |