Post office schemes latest interest rate: Not Sukanya or PPF, you will get maximum interest in this scheme, see how much you will earn

Small Saving Scheme Interest Rates are increased every quarter. During Kovid, no change was seen in these interest rates in many quarters.

On Friday, the government has given a new year gift by increasing the interest rates of all small savings except Public Provident Fund and some schemes for the January to March quarter . According to the government, 20 to 110 basis points have been increased in all the schemes. Small savings interest rates are increased every quarter. During Kovid, no change was seen in these interest rates in many quarters. The interest rates of some schemes were also increased for the October to December quarter. This time all except PPF have been increased.

How much increase in which scheme

• All Small Savings Schemes including Post Office FDs of 1-3 years and Recurring Deposits of 5 years are government managed savings instruments to encourage citizens to save regularly.
• These also include savings certificates like National Savings Certificate and Kisan Vikas Patra, Sukanya Samriddhi Account and Senior Citizen Savings Scheme.
• The office memorandum issued by the Department of Economic Affairs states that the interest rates on various small savings schemes have been revised for the fourth quarter of 2022-23 starting January 1, 2023.
• The National Savings Certificate rate for the fourth quarter has now been increased from 6.8 percent to 7 percent, which means it has been increased by 0.20 percent.
• Time deposits of 1 year, 2 years, 3 years and 5 years have been increased from 5.5 per cent, 5.7 per cent, 5.8 per cent and 6.7 per cent to 6.6 per cent, 6.8 per cent, 6.9 per cent and 7 per cent respectively.
• There has been no change in the interest rates of 5-year recurring deposit and savings deposit at 5.8 per cent and 4 per cent respectively.
  The rate of Senior Citizen Saving Scheme will earn 8 percent from January 1, while it is currently 7.6 percent.
• Kisan Vikas Patrika will earn 7.2 per cent interest with maturity of 120 months, as against the earlier interest rate of 7 per cent with maturity of 123 months.
  On the other hand, no change has been seen in the interest rate of PPF 7.10 percent and
• Sukanya Samriddhi Account account 7.6 percent.