Rate tracker

Small savings interest rates

Current rates on PPF, Sukanya Samriddhi, Senior Citizens Savings Scheme, NSC, KVP and post office deposits, for October – December 2026.

Rates for October – December 2026

Unchanged from the previous quarter. The government reviews these rates every quarter.

SchemeRate (% a year)TermInterestCalculator
Sukanya Samriddhi Yojana (SSY)8.2%Matures at 21 years from openingCompounded yearly
Senior Citizens Savings Scheme (SCSS)8.2%5 yearsPaid quarterly
National Savings Certificate (NSC)7.7%5 yearsCompounded yearly, paid at maturity
Kisan Vikas Patra (KVP)7.5%Doubles in 115 monthsCompounded yearly
Post Office Time Deposit, 5 years7.5%5 yearsCompounded quarterly, paid yearlyCalculate
Monthly Income Scheme (MIS)7.4%5 yearsPaid monthly
Public Provident Fund (PPF)7.1%15 yearsCompounded yearlyCalculate
Post Office Time Deposit, 3 years7.1%3 yearsCompounded quarterly, paid yearlyCalculate
Post Office Time Deposit, 2 years7.0%2 yearsCompounded quarterly, paid yearlyCalculate
Post Office Time Deposit, 1 year6.9%1 yearCompounded quarterly, paid yearlyCalculate
Post Office Recurring Deposit6.7%5 yearsCompounded quarterlyCalculate
Post Office Savings Account4.0%No fixed termCredited yearly

Which scheme suits what

  • Long-term, tax-free: PPF (15 years) and Sukanya Samriddhi for a daughter under 10.
  • Regular income in retirement: SCSS (age 60+) pays every quarter; MIS pays every month.
  • Fixed lump sum: NSC, KVP and post office time deposits.
  • Monthly saving: the post office RD.

Use our PPF calculator and FD & RD calculator with these rates to see what your money grows to.

Questions people ask

Who sets small savings interest rates?

The Ministry of Finance announces them every quarter, usually on the last working day before the quarter starts. They are loosely linked to government bond yields.

Does a rate change affect money I have already invested?

For fixed-term schemes such as NSC, KVP, SCSS, MIS and time deposits, the rate on the day you invest stays the same until maturity. PPF and Sukanya Samriddhi balances earn whatever rate applies each quarter.

Are these schemes tax-free?

PPF and Sukanya Samriddhi are fully tax-free. Interest from NSC, KVP, SCSS, MIS, time deposits and RD is taxable. Several of them qualify for the 80C deduction in the old regime.

About these rates

We check these rates against public sources and update this page when they change. They are for information only, not a recommendation of any bank or scheme. Always confirm the current rate with the bank or post office before you invest or borrow.

Related calculators

PPFSukanya SamriddhiNSC, KVP, MIS, SCSSFD rates