Archive · 30 Sep 2026
Small Savings Rates Unchanged for July–September 2026 Quarter
The government checks the interest rates for small savings plans every three months.
For July to September 2026, it decided not to change the rates.
The Public Provident Fund, or PPF, will continue to pay 7.1% interest.
Sukanya Samriddhi Yojana and the Senior Citizens Savings Scheme will continue to pay 8.2%.
Other plans, such as the National Savings Certificate and Kisan Vikas Patra, also keep their existing rates.
These schemes are popular because they offer predictable returns and are backed by the government.
Some plans also provide tax benefits under applicable rules.
The government considers bond yields, market conditions and geopolitical conditions when reviewing the rates.
The government has kept small savings interest rates unchanged for July–September 2026, or Q3 FY27.
Sukanya Samriddhi Yojana and the Senior Citizens Savings Scheme continue to offer the highest listed rate at 8.2%.
The Public Provident Fund rate remains 7.1% for its 15-year tenure, while the National Savings Certificate offers 7.7%.
The three-year Post Office Time Deposit rate is 7.1%, and the five-year deposit rate is 7.5%.
Most small savings rates have not changed since FY 2023-24, with the latest revisions made in April 2024.
- Who
- The government, which reviews small savings interest rates every quarter.
- What
- Interest rates for small savings schemes were kept unchanged for Q3 FY27.
- When
- July–September 2026; the decision follows the quarterly review.
- Where
- Across the listed small savings and post-office schemes.
- Why
- The review considers government bond yields, prevailing interest rates, and market and geopolitical conditions.
- Review period
- July–September 2026, the third quarter of FY27
- Highest listed rate
- 8.2% for Sukanya Samriddhi Yojana and the Senior Citizens Savings Scheme
- Public Provident Fund rate
- 7.1%, with a 15-year tenure
- National Savings Certificate rate
- 7.7%
- Post Office Time Deposit rates
- 6.9% for one year, 7% for two years, 7.1% for three years, and 7.5% for five years
- Last major rate changes
- April 2024, when the three-year Post Office Time Deposit rose to 7.1% and Sukanya Samriddhi Yojana rose to 8.2%
- Tax treatment
- PPF and SSY offer EEE treatment, under which contributions, accumulated interest and withdrawals are exempt from tax subject to applicable rules