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 NumberSB Order 4/2023 – 113-08/2017-SB(pt.1)
Letter Dated31.03.2023
Issued byFS Division
SubjectSB Order 4/2023 – Post office Interest Rate from 1st April 2023
Signed ByAD (SB-II)
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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: –

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 NamePost Office Interest Rate from 01.01.2023 to 31.03.2023Post Office Interest Rates from 01.04.2023 to 30.06.2023
Savings Bank A/c04%04%
5 Year Recurring Deposit (RD) Account5.8%6.2%
1 Year Term Deposit6.6%6.8%
2 Year Term Deposit6.8%,6.9%
3 Year Term Deposit6.9%7.0% 
5 Year Term Deposit7.0%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 Scheme8.0%8.2%
Sukanya Samriddhi Yojana7.6%8.0%

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