The rates applicable from July 1 to September 30, 2026, will remain the same as those notified for the April-June quarter of FY27.
The decision means returns on government-backed savings instruments, including the Public Provident Fund (PPF), Senior Citizens’ Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY) and National Savings Certificate (NSC), will remain unchanged for another three months.
Under the revised schedule, Sukanya Samriddhi Yojana will continue to offer 8.2%, while the Public Provident Fund will provide 7.1%. The National Savings Certificate will remain at 7.7%, and Kisan Vikas Patra will offer 7.5% with a maturity period of 115 months.
The Monthly Income Scheme will continue to provide 7.4%, the three-year Post Office Time Deposit will remain at 7.1%, and the Post Office Savings Account will continue to earn 4%.
Among fixed deposits, the one-year deposit will offer 6.9%, the two-year deposit 7%, the three-year deposit 7.1%, and the five-year deposit 7.5%. The five-year Recurring Deposit will continue to provide 6.7%.
Interest rates on most small savings schemes have remained unchanged since the January-March quarter of FY24. The last revision was announced in April 2024, when the interest rate on the three-year Post Office Time Deposit was increased from 7% to 7.1%, while the Sukanya Samriddhi Yojana rate was raised from 8% to 8.2%.
The Finance Ministry reviews interest rates on small savings schemes every quarter. The rates are linked to yields on government securities of corresponding maturities, with a prescribed spread over the benchmark yields. However, the government may retain existing rates depending on prevailing market conditions and broader economic considerations.
