Government Keeps Small Savings Interest Rates Unchanged for October-December Quarter of FY 2026-27:
The government has kept interest rates on all small savings schemes unchanged for the October-December quarter of FY 2026-27.
No Change in Small Savings Rates
Vanshika verma
Oct 1, 2026
The government has kept the interest rates on small savings schemes unchanged for the October-December quarter of FY 2026-27. The decision was announced by the Ministry of Finance on Wednesday, September 30, 2026.
This means there will be no change in the interest rates of popular schemes such as the Public Provident Fund (PPF), Senior Citizens Savings Scheme (SCSS), National Savings Certificate (NSC), Monthly Income Scheme (MIS), Sukanya Samriddhi Account (SSA), Kisan Vikas Patra (KVP) and Time Deposit (TD) schemes. The same rates that applied during the July-September quarter will continue from October 1 to December 31, 2026.
The latest decision also extends the period of unchanged small savings rates to nearly two years. The government last revised the rates in December 2024, when it increased the interest rates on the Sukanya Samriddhi Account and the 3-year Time Deposit scheme.
Scheme | Apr–Jun 2025 | Jul–Sep 2025 | Oct–Dec 2025 | Jan–Mar 2026 | Apr–Jun 2026 | Jul–Sep 2026 | Oct–Dec 2026 | Jan–Mar 2027 |
Savings Account | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | — | — |
1 Year Time Deposit | 6.90% | 6.90% | 6.90% | 6.90% | 6.90% | 6.90% | — | — |
2 Year Time Deposit | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | — | — |
3 Year Time Deposit | 7.10% | 7.10% | 7.10% | 7.10% | 7.10% | 7.10% | — | — |
5 Year Time Deposit | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | — | — |
5 Year Recurring Deposit | 6.70% | 6.70% | 6.70% | 6.70% | 6.70% | 6.70% | — | — |
5 Year Senior Citizen Savings Scheme | 8.20% | 8.20% | 8.20% | 8.20% | 8.20% | 8.20% | — | — |
5 Year Monthly Income Account | 7.40% | 7.40% | 7.40% | 7.40% | 7.40% | 7.40% | — | — |
5 Year National Savings Certificate | 7.70% | 7.70% | 7.70% | 7.70% | 7.70% | 7.70% | — | — |
Public Provident Fund | 7.10% | 7.10% | 7.10% | 7.10% | 7.10% | 7.10% | — | — |
Sukanya Samriddhi Account Scheme | 8.20% | 8.20% | 8.20% | 8.20% | 8.20% | 8.20% | — | — |
Kisan Vikas Patra | 7.5% (will mature in 115 months) | 7.5% (will mature in 115 months) | 7.5% (will mature in 115 months) | 7.5% (will mature in 115 months) | 7.5% (will mature in 115 months) | 7.5% (will mature in 115 months) | — | — |
The interest rate on a Savings Account will continue at 4%. For term deposits, the rate remains 6.9% for one year, 7% for two years, 7.1% for three years and 7.5% for five years.
The Senior Citizens’ Savings Scheme will continue to offer 8.2%, while the Monthly Income Account will carry an interest rate of 7.4%. The National Savings Certificate (NSC) will continue to offer 7.7%.
Other popular schemes will also retain their existing rates. PPF will continue at 7.1%, Sukanya Samriddhi Account at 8.2%, and Kisan Vikas Patra (KVP) at 7.5%. The National Savings Recurring Deposit will continue to offer 6.7% interest.
About Author
Vanshika verma
Content Writer
Studycafe
Delhi, Delhi, India
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