Government hikes Post Office Saving Schemes Interest Rates

For Q1 FY 23-24 April - June 2023

Post Office Time Deposit

* 1 Yr Time Deposit - increased from   6.60% to 6.80% * 2 Yr Time Deposit - increased from 6.80% to 6.90% * 3 Yr Time Deposit - increased from 6.90% to 7.00% * 5 Yr Time Deposit - increased from 7.00% to 7.50%

5 Yr Recurring Deposit 6.20%

5yr RD rate has increased from 5.80% to 6.20%

Senior Citizen Savings Scheme (SCSS) - 8.20%

SCSS interest rate has increased from 8% to 8.20%

Monthly Income Account Scheme   7.40%

POMIS interest rate increased from 7.10% to 7.40%

National Savings Certificate (NSC)   7.70%

NSC interest rate has increased from 7% to 7.70%

(Will mature in 115 months) KVP interest rate increased from 7.20% to 7.50%

Kisan Vikas Patra (KVP) 7.50%

SSY interest rate increased from 7.60% to 8%

Sukanya Samriddhi Account - 8.00%

Interest Rates for the Quarter   1st April 2023 - 30th June 2023

Post Office Time Deposits (1Yr - 5Yr) - 6.80% - 7.5% 5 Yr Recurring Deposit - 6.20% Senior Citizen Savings Scheme - 8.20% Monthly Income Account Scheme - 7.40% National Savings Certificate (NSC) - 7.70% Kisan Vikas Patra (KVP) - 7.50% Sukanya Samriddhi Account (SSY) - 8.00%

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