SB Order 4/2023 – Post office Interest Rate from 1st April 2023
SB Order 4/2023: Post Office Revised interest rates from April 2023 | Download Post Office Interest Rate chart
| Letter Number | SB Order 4/2023 – 113-08/2017-SB(pt.1) |
| Letter Dated | 31.03.2023 |
| Issued by | FS Division |
| Subject | SB Order 4/2023 – Post office Interest Rate from 1st April 2023 |
| Signed By | AD (SB-II) |
| Download PDF | Click Here |
Ministry of Finance, Department of Economic Affairs (Budget Division), Government of India vide Memorandum No. 01/04/2019-NS dated 31.03.2023 (copy enclosed) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2023-24 (starting from 1st April, 2023 and ending on 30th June, 2023) have been revised as under: –
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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.
| Post Office Savings Scheme Name | Post Office Interest Rate from 01.01.2023 to 31.03.2023 | Post Office Interest Rates from 01.04.2023 to 30.06.2023 |
| Savings Bank A/c | 04% | 04% |
| 5 Year Recurring Deposit (RD) Account | 5.8% | 6.2% |
| 1 Year Term Deposit | 6.6% | 6.8% |
| 2 Year Term Deposit | 6.8%, | 6.9% |
| 3 Year Term Deposit | 6.9% | 7.0% |
| 5 Year Term Deposit | 7.0% | 7.5% |
| Monthly Income Scheme (MIS) | 7.1% | 7.4% |
| National Savings Certificate(NSC) | 7.0% | 7.7% |
| Kisan Vikas Patra (KVP) | 7.2% (120 Months) | 7.5% (115 Months) |
| Public Provident Fund (PPF) | 7.1%. | 7.1%. |
| Senior Citizen Saving Scheme | 8.0% | 8.2% |
| Sukanya Samriddhi Yojana | 7.6% | 8.0% |