SB Order 15/2022 – Interest rate w.e.f. 1st October 2022
SB Order 15/2022 -Department of Posts issued SB Order 15/2022 regarding change of Interest rate in Small Savings Schemes w.e.f. 1st October 2022
| Letter Number | F.No. 113-03/2017-SB(Pt.1) |
| Letter Dated | 29.09.2022 |
| Issued by | FS Division |
| Subject | Revision of Interest Rate in Small Savings Schemes w.e.f. 01.10.2022 |
| Signed By | TC VIJAYAN (AD SB-I) |
SB Order 15/2022
The Undersigned is directed to say that, vide memorandum no. 01/04/2019-NS dated 29.09.2022 (Copy enclosed) Government Of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rate of interest in various small savings schemes (National Savings Schemes) for the third quarter of Financial Year 2022-23 have been revised as under.
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| Instrument | Rates of interest from 01.07.2022 to 30.09.2022 | Rates of interest from 01.10.2022 to 31.12.2022 |
| Savings Deposit | 4.0 | 4.0 |
| 1 Year Time Deposit | 5.5 | 5.5 |
| 2 Year Time Deposit | 5.5 | 5.7 |
| 3 Year Time Deposit | 5.5 | 5.8 |
| 5 Year Time Deposit | 6.7 | 6.7 |
| 5 Year Recurring Deposit | 5.8 | 5.8 |
| Senior Citizen Savings Scheme | 7.4 | 7.6 |
| Monthly Income Account Scheme | 6.6 | 6.7 |
| National Savings Certificate | 6.8 | 6.8 |
| Public Provident Fund Scheme | 7.1 | 7.1 |
| Kisan Vikas Patra | 6.9 (will mature in 124 months | 7.0 (will mature in 123 months) |
| Sukanya Samriddhi Account Scheme | 7.6 | 7.6 |
It is requested to circulate to it all concerned for information and necessary action. Same may also be placed on the notice board in all Post Office in Public area.
Download PDF of SB Order 15/2022
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