Finance Minister Announces Small Savings Interest Rates for October-December 2026 Quarter

Written by: Team Angel OneUpdated on: 1 Oct 2026, 5:14 pm IST

The Ministry of Finance keeps interest rates unchanged for PPF at 7.1%, Sukanya Samriddhi Yojana at 8.2%, and NSC at 7.7% for Oct-Dec 2026.

Finance Minister Announces Small Savings

The Ministry of Finance has announced that the interest rates for major small savings schemes will remain unchanged for the October-December 2026 quarter, as per news report.

This decision affects schemes like the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and National Savings Certificate (NSC).

Unchanged Interest Rates for Small Savings Schemes

For the third quarter of the fiscal year 2026-27, starting from October 1, 2026, and ending on December 31, 2026, the Ministry of Finance has decided to keep the interest rates for small savings schemes the same as the previous quarter.

The Public Provident Fund (PPF) continues to offer an interest rate of 7.1%, while the Sukanya Samriddhi Yojana (SSY) provides an interest rate of 8.2%. The National Savings Certificate (NSC) maintains an interest rate of 7.7%.

Small Savings Schemes Interest Rates

Here is the interest rate comparison for the small savings schemes.

Savings Schemes & Certificates

Savings Scheme	Interest Rate (per annum)
Public Provident Fund (PPF)	7.1%
Senior Citizen Savings Scheme (SCSS)	8.2%
Sukanya Samriddhi Yojana (SSY)	8.2%
National Savings Certificate (NSC)	7.7%
Post Office Monthly Income Scheme (POMIS)	7.4%
Kisan Vikas Patra (KVP)	7.5%

Post Office Time & Recurring Deposits

Deposit Term	Interest Rate (per annum)
1-Year Time Deposit	6.9%
2-Year Time Deposit	7.0%
3-Year Time Deposit	7.1%
5-Year Time Deposit	7.5%
5-Year Recurring Deposit (RD)	6.7%

Details of the Interest Rates

The interest rates for these schemes were previously set for the second quarter of the fiscal year 2026-27, from July 1, 2026, to September 30, 2026. The Ministry's decision to keep the rates unchanged ensures stability for investors in these government-backed savings schemes.

Conclusion

The Ministry of Finance's decision to maintain the interest rates for the October-December 2026 quarter keeps the Public Provident Fund at 7.1%, Sukanya Samriddhi Yojana at 8.2%, and National Savings Certificate at 7.7%, ensuring consistency for investors.

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Published on: Oct 1, 2026, 11:44 AM IST

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