The government has decided to keep interest rates on small savings schemes unchanged for the April-June quarter (Q1FY26).
This marks the fifth consecutive quarter without any changes. The Finance Ministry announced this decision through a notification issued on March 28.
Interest Rates Remain the Same
As per the notification, the Sukanya Samriddhi Yojana will continue to offer an 8.2% interest rate. The three-year fixed deposit will also remain at 7.1%.
Similarly, interest rates for the Public Provident Fund (PPF) and Post Office Savings Account will stay at 7.1% and 4%, respectively.
Stable Interest Rates for Five Quarters
The last time the government increased small savings interest rates was in December 2023. Since then, rates have remained unchanged for five quarters, including:
January-March (Q4FY25)
October-December (Q3FY25)
July-September (Q2FY25)
April-June (Q1FY25)
Before deciding on interest rates, the government reviews factors such as inflation and the country’s liquidity situation.
The review happens every three months for schemes like PPF, NSC, and Kisan Vikas Patra. Currently, interest rates on small savings schemes range from 4% to 8.2%.
Current Interest Rates on Various Schemes
Here are the interest rates for different small savings schemes:
Post Office Savings Account: 4%
Post Office Monthly Income Scheme: 7.4%
Post Office Time Deposits:
1 year: 6.9%
2 years: 7%
3 years: 7.1%
5 years: 7.5%
Kisan Vikas Patra (KVP): 7.5%
Public Provident Fund (PPF): 7.1%
Sukanya Samriddhi Yojana: 8.2%
National Savings Certificate (NSC): 7.7%
Senior Citizen Savings Scheme (SCSS): 8.2%