Small SavingsSmall savings interest rates, 2026-27
The interest rate of each government small savings scheme in the latest quarter listed by the National Savings Institute (July to September 2026), and how the rates have moved since April 2022.
| Scheme | Rate (a year) |
|---|---|
| PPF | 7.1% |
| Sukanya Samriddhi | 8.2% |
| NSC (5 year) | 7.7% |
| Senior Citizens Savings Scheme | 8.2% |
| Monthly Income Account | 7.4% |
| Kisan Vikas Patra | 7.5% |
| Recurring Deposit (5 year) | 6.7% |
| Time Deposit 1 year | 6.9% |
| Time Deposit 2 year | 7% |
| Time Deposit 3 year | 7.1% |
| Time Deposit 5 year | 7.5% |
| Post Office Savings Account | 4% |
Rates over time
| Scheme | Apr-Jun 2022-23 | Jan-Mar 2023-24 | Apr-Jun 2023-24 | Oct-Dec 2023-24 | Apr-Jun 2024-25 | Jan-Mar 2025-26 | Jul-Sep 2026-27 |
|---|---|---|---|---|---|---|---|
| PPF | 7.1% | 7.1% | 7.1% | 7.1% | 7.1% | 7.1% | 7.1% |
| Sukanya Samriddhi | 7.6% | 8.2% | 8% | 8% | 8.2% | 8.2% | 8.2% |
| NSC (5 year) | 6.8% | 7.7% | 7.7% | 7.7% | 7.7% | 7.7% | 7.7% |
| Senior Citizens Savings Scheme | 7.4% | 8.2% | 8.2% | 8.2% | 8.2% | 8.2% | 8.2% |
| Monthly Income Account | 6.6% | 7.4% | 7.4% | 7.4% | 7.4% | 7.4% | 7.4% |
| Kisan Vikas Patra | 6.9% | 7.5% | 7.5% | 7.5% | 7.5% | 7.5% | 7.5% |
| Recurring Deposit (5 year) | 5.8% | 6.7% | 6.2% | 6.7% | 6.7% | 6.7% | 6.7% |
| Time Deposit 1 year | 5.5% | 6.9% | 6.8% | 6.9% | 6.9% | 6.9% | 6.9% |
| Time Deposit 2 year | 5.5% | 7% | 6.9% | 7% | 7% | 7% | 7% |
| Time Deposit 3 year | 5.5% | 7.1% | 7% | 7% | 7.1% | 7.1% | 7.1% |
| Time Deposit 5 year | 6.7% | 7.5% | 7.5% | 7.5% | 7.5% | 7.5% | 7.5% |
How to read these rates
- The government announces the rates for a quarter just before it starts. The October-December 2026 column was still empty on the NSI page when it was read on 13 November 2026, so the rates shown are those of July-September 2026 and may have been replaced since.
- PPF has been 7.1% every quarter since April 2022. The Senior Citizens Savings Scheme has been 8.2% since April 2023 and the 5-year NSC 7.7% over the same period; Sukanya Samriddhi has been 8.2% since January-March 2024.
- Several rates were raised during 2022-23 and 2023-24 (for example the 5-year recurring deposit went from 5.8% to 6.7%), and none of the 11 schemes above has changed since January-March 2024 in the table.
- Kisan Vikas Patra is quoted as 7.5%, which makes the money double in 115 months.
Use them
Calculators PPF Sukanya Samriddhi Senior citizens Recurring deposit
Sources
- Interest rates for every quarter: National Savings Institute, Ministry of Finance, "Scheme Wise Interest Rate" table (nsiindia.gov.in), read on 13 November 2026. The latest quarter shown in that table was July-September 2026; the October-December 2026 column was empty on that date.
- Minimum and maximum deposits, terms and withdrawal features: the same institute's "National Savings Schemes at a glance" page (nsiindia.gov.in), read on 13 November 2026.
- PPF interest rule: Public Provident Fund Scheme, 2019, paragraph 7, as published by the National Savings Institute (nsiindia.gov.in), read on 13 November 2026: the lowest balance between the close of the fifth day and the end of the month earns interest, at a rate per annum, and interest is credited at the end of each year. The same paragraph, as amended by G.S.R. 290(E) of 5 May 2020, fixes 7.1% a year for deposits from 1 April 2020.
- What the texts do not spell out and this site assumes: a month earns one twelfth of the yearly rate, and interest is rounded to the rupee when it is added. Sukanya Samriddhi follows the same pattern in the way we work it; the recurring deposit and time deposit figures compound every quarter, as NSI says for the time deposit; the rule texts of those schemes were not opened. Every result is an estimate and a passbook can differ by a few rupees.
Rates and limits read on 13 November 2026 from the National Savings Institute. They are set by the government for each quarter and can change; the rates shown are those of July to September 2026, so treat them as out of date after 31 December 2026 unless this page has been updated. This is arithmetic, not investment advice; check the current rate at a post office, an authorised bank or indiapost.gov.in before you invest.