Skip to main content

Small Savings Scheme Interest Rate July -September 2023

Small Savings Scheme Interest Rate July -September 2023


The government has announced a marginal increase in interest rates on select small savings schemes for the period of July to September 2023. The rate hike ranges from 10 to 30 basis points (bps) across different schemes.

The 1-year and 2-year time deposit scheme will see an increase of 10 bps, while the 5-year recurring deposit schemes will see a rise of 30 bps under the revised rates.

The interest rate on the 1-year deposit scheme has been hiked to 6.9 per cent, and 7 per cent for the 2-year deposit scheme.

Also, the interest rate on the 5-year recurring deposit has been increased to 6.5 per cent.

The interest rates for most of the popular schemes such as the Public Provident Fund (7.1 per cent), National Savings Certificate (7.7 per cent), Kisan Vikas Patra (7.5 per cent), Senior Citizen Savings Scheme ( 8.2 per cent), and Sukanya Samridhhi Account Scheme (8 per cent) stands unchanged.

These new interest rates are applicable from July 1.

Small savings schemes offered by the government are popular among retail investors due to their secure nature and comparatively higher interest rates compared to other investment options.

These schemes are designed to cater to the diverse needs of different sections of society, including senior citizens, children, and low-income individuals.

In the last two quarters, the government had increased interest rates on popular schemes like the Sukanya Samriddhi Account Scheme, Senior Citizen Savings Scheme, National Savings Certificate, Kisan Vikas Patra, Monthly Income Savings Scheme and all post office time deposits.

Recent Posts

Popular posts from this blog

Nagarhole National Park Safari Booking Online

Nagarhole National Park Safari Booking Online There is good news for all wildlife enthusiasts and tourists who were appealing to the forest department to introduce online ticket booking system for safari in the Nagarahole national park. All wildlife enthusiasts and tourists wishing and requesting the forest department to begin online ticket booking system for safari in the Nagarahole national park would be happy to know that Nagarhole safari booking online is now active and fully operational. Nagarhole Safari Ticket Booking has been started to bring in more transparency as well as facilitating tourists to plan and book tickets for their safari in advance. It was a demand from the people at large, mostly from Bengaluru, Karnataka and neighbouring states like Kerala and Tamil Nadu who quite often visit the Nagarhole national park to start the online ticket booking system. Nagarhole National Park  Nagarahole (or Nagarhole) name is derived from a windy river named Nagara Ho

Lucknow Jal Sansthan Online Payment, Online Water Bill Payment Lucknow

Lucknow Jal Sansthan Online Payment, Online Water Bill Payment Lucknow Lucknow Jal Sansthan online Payment is now available from November 2016. To facilitate online payment of water and sewer taxes online, you can use the Lucknow Jal Sansthan's online portal from November. From this month, i.e November onwards, you can use the Lucknow Jal Sansthan online portal to facilitate people to pay their tax dues and arrears online and make e-payments faster without having to reach Jal Sansthan's zonal office for water tax payment. As per Jal Sansthan general manager S K Verma, "The portal facility would be launched initially from zone 8 to see the response and check the portal's performance. Soon, it will be launched across Lucknow." Zone 8 includes colonies on Rae Bareli Road and Sultanpur Road like Vrindavan Yojna, Telibagh, South City, and colonies near PGI, Ruchi, Rashmi and Rajni Khands, Eldeco Udyan II, etc. The Lucknow Jal Sansthan online portal is being ch

Calangute Panchayat House Tax Payment

Calangute Panchayat House Tax Payment MAPUSA: The Calangute Panchayat launched its website www.calangutepanchayat.com for providing online services to the people of the village. Calangute Panchayat was launched by MLA Michael Lobo in presence of Sarpanch Anthony Menezes, Panchas and HDFC bank officials. With www.calangutepanchayat.com , citizens of Calangute can now download different forms, track stray cattle and garbage collection along with making online payments such as pay house tax Calangute . Sarpanch Anthony Menezes said that now people can pay Calangute house tax online even if they are outside India. All forms that are needed can be downloaded from the official website of Calangute Panchayat and submitted. Manezes also informed “Mini chips will be inserted in cattle's body so that they can be tracked easily. The cattle registration with its owner details would be done with the Calangute panchayat . Thus owners could track their cattle and people can also identify a