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Interest Rates Unchanged: Small Savings Schemes Remain Steady
30 Jun
Summary
- Interest rates for small savings schemes were unchanged for July-September 2026.
- PPF and post office savings rates remain at 7.1% and 4% respectively.
- Government kept rates steady despite rising inflation and bond yields.
The Finance Ministry announced on Tuesday, June 30, 2026, that interest rates for several small savings schemes will remain unchanged for the July-September 2026 quarter. Schemes such as the Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), National Savings Certificates (NSC), and Sukanya Samriddhi Account (SSA) will continue with their current rates.
Deposits in the Sukanya Samriddhi Scheme will continue to earn 8.2% interest. The three-year term deposit rate is fixed at 7.1%, while the PPF and post office savings deposit rates are retained at 7.1% and 4%, respectively. The NSC will also maintain its 7.7% interest rate.
Other schemes like Kisan Vikas Patra will offer 7.5% interest, maturing in 115 months. The Monthly Income Scheme will provide a 7.4% return. These decisions were made despite rising inflation and government security yields, which typically signal potential rate changes.
The last adjustment to these small savings rates occurred in December 2024, when the rates for the Sukanya Samriddhi Account and the 3-year Post Office term deposit scheme were increased.
