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 NumberF.No. 113-03/2017-SB(Pt.1)
Letter Dated29.09.2022
Issued byFS Division
SubjectRevision of Interest Rate in Small Savings Schemes w.e.f. 01.10.2022

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.

InstrumentRates of interest from 01.07.2022 to 30.09.2022Rates of interest from 01.10.2022 to 31.12.2022
Savings Deposit4.04.0
1 Year Time Deposit5.55.5
2 Year Time Deposit5.55.7
3 Year Time Deposit5.55.8
5 Year Time Deposit6.76.7
5 Year Recurring Deposit5.85.8
Senior Citizen Savings Scheme7.47.6
Monthly Income Account Scheme6.66.7
National Savings Certificate6.86.8
Public Provident Fund Scheme7.17.1
Kisan Vikas Patra6.9 (will mature in 124 months7.0 (will mature in 123 months)
Sukanya Samriddhi Account Scheme7.67.6
Interest Rate in Small Savings Schemes.

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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