Post Office and small savings interest rates

Rates for Oct–Dec 2026, set by the Government of India for PPF, Sukanya Samriddhi, SCSS, NSC, KVP and Post Office deposits.

The government's published table runs to 30 Sep 2026. Rates stay the same until new ones are announced, so these apply for Oct–Dec 2026.

Interest rates for Oct–Dec 2026

Per year. Change is from the previous quarter.

Public Provident Fund (PPF)7.1%
Compounded yearly · 15 years, extendable by 5 · since 1 Apr 2020 · No change
PPF Calculator
Sukanya Samriddhi Yojana (SSY)8.2%
Compounded yearly · 21 years; deposits for 15 · since 1 Jan 2024 · No change
Sukanya Samriddhi Calculator
Senior Citizens' Savings Scheme (SCSS)8.2%
Paid every quarter · 5 years, extendable by 3 · since 1 Apr 2023 · No change
Senior Citizens' Savings Scheme Calculator
Post Office Monthly Income Scheme (MIS)7.4%
Paid every month · 5 years · since 1 Apr 2023 · No change
Post Office Monthly Income Scheme Calculator
National Savings Certificate (NSC)7.7%
Compounded yearly, paid at maturity · 5 years · since 1 Apr 2023 · No change
NSC Calculator
Kisan Vikas Patra (KVP)7.5%
Compounded, paid at maturity · Until the money doubles · since 1 Apr 2023 · No change
Kisan Vikas Patra Calculator
Post Office Time Deposit, 1 year6.9%
Compounded quarterly, paid yearly · 1 year · since 1 Jan 2024 · No change
Fixed Deposit Calculator
Post Office Time Deposit, 2 years7%
Compounded quarterly, paid yearly · 2 years · since 1 Jan 2024 · No change
Fixed Deposit Calculator
Post Office Time Deposit, 3 years7.1%
Compounded quarterly, paid yearly · 3 years · since 1 Jan 2024 · No change
Fixed Deposit Calculator
Post Office Time Deposit, 5 years7.5%
Compounded quarterly, paid yearly · 5 years · since 1 Jan 2024 · No change
Fixed Deposit Calculator
Post Office Recurring Deposit (RD)6.7%
Compounded quarterly · 5 years · since 1 Oct 2023 · No change
Recurring Deposit Calculator
Post Office Savings Account4%
Paid yearly · No fixed term · since 1 Dec 2011 · No change

Scheme	Rate	Change	Since	Interest	Term	Calculator
Public Provident Fund (PPF)	7.1%	No change	1 Apr 2020	Compounded yearly	15 years, extendable by 5	Calculator
Sukanya Samriddhi Yojana (SSY)	8.2%	No change	1 Jan 2024	Compounded yearly	21 years; deposits for 15	Calculator
Senior Citizens' Savings Scheme (SCSS)	8.2%	No change	1 Apr 2023	Paid every quarter	5 years, extendable by 3	Calculator
Post Office Monthly Income Scheme (MIS)	7.4%	No change	1 Apr 2023	Paid every month	5 years	Calculator
National Savings Certificate (NSC)	7.7%	No change	1 Apr 2023	Compounded yearly, paid at maturity	5 years	Calculator
Kisan Vikas Patra (KVP)	7.5%	No change	1 Apr 2023	Compounded, paid at maturity	Until the money doubles	Calculator
Post Office Time Deposit, 1 year	6.9%	No change	1 Jan 2024	Compounded quarterly, paid yearly	1 year	Calculator
Post Office Time Deposit, 2 years	7%	No change	1 Jan 2024	Compounded quarterly, paid yearly	2 years	Calculator
Post Office Time Deposit, 3 years	7.1%	No change	1 Jan 2024	Compounded quarterly, paid yearly	3 years	Calculator
Post Office Time Deposit, 5 years	7.5%	No change	1 Jan 2024	Compounded quarterly, paid yearly	5 years	Calculator
Post Office Recurring Deposit (RD)	6.7%	No change	1 Oct 2023	Compounded quarterly	5 years	Calculator
Post Office Savings Account	4%	No change	1 Dec 2011	Paid yearly	No fixed term

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The last two years

Rate in each quarter, % a year. Scroll sideways on a phone.

Scheme	Oct–Dec 2026	Jul–Sep 2026	Apr–Jun 2026	Jan–Mar 2026	Oct–Dec 2025	Jul–Sep 2025	Apr–Jun 2025	Jan–Mar 2025
Public Provident Fund (PPF)	7.1%	7.1%	7.1%	7.1%	7.1%	7.1%	7.1%	7.1%
Sukanya Samriddhi Yojana (SSY)	8.2%	8.2%	8.2%	8.2%	8.2%	8.2%	8.2%	8.2%
Senior Citizens' Savings Scheme (SCSS)	8.2%	8.2%	8.2%	8.2%	8.2%	8.2%	8.2%	8.2%
Post Office Monthly Income Scheme (MIS)	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%
National Savings Certificate (NSC)	7.7%	7.7%	7.7%	7.7%	7.7%	7.7%	7.7%	7.7%
Kisan Vikas Patra (KVP)	7.5%	7.5%	7.5%	7.5%	7.5%	7.5%	7.5%	7.5%
Post Office Time Deposit, 1 year	6.9%	6.9%	6.9%	6.9%	6.9%	6.9%	6.9%	6.9%
Post Office Time Deposit, 2 years	7%	7%	7%	7%	7%	7%	7%	7%
Post Office Time Deposit, 3 years	7.1%	7.1%	7.1%	7.1%	7.1%	7.1%	7.1%	7.1%
Post Office Time Deposit, 5 years	7.5%	7.5%	7.5%	7.5%	7.5%	7.5%	7.5%	7.5%
Post Office Recurring Deposit (RD)	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%
Post Office Savings Account	4%	4%	4%	4%	4%	4%	4%	4%

How these rates are set

The Ministry of Finance sets small savings rates every quarter, broadly in line with government bond yields, and announces them shortly before the quarter starts. They often stay the same for several quarters.

Locked in when you invest: SCSS, Monthly Income Scheme, NSC, KVP, Time Deposits and RD. Later changes don't affect a deposit you've already made.
Change every quarter: PPF, Sukanya Samriddhi and the savings account. The new rate applies to your whole balance.

Tax

PPF and Sukanya Samriddhi interest is tax-free. Interest on the others is taxable at your slab rate. In the old tax regime, deposits in PPF, Sukanya Samriddhi, NSC, SCSS and the 5-year Time Deposit count towards section 80C. See the income tax calculator.

Source: National Savings Institute, Ministry of Finance (nsiindia.gov.in), checked weekly. Confirm the rate with your post office or bank before you invest.

Frequently asked questions

What is the PPF interest rate now?

7.1% a year for Oct–Dec 2026, the rate since 1 Apr 2020. It's compounded yearly, and the interest is tax-free.

What is the Sukanya Samriddhi interest rate now?

8.2% a year for Oct–Dec 2026, the rate since 1 Jan 2024. It's compounded yearly, and the interest is tax-free.

What is the Senior Citizens' Savings Scheme rate now?

8.2% a year for Oct–Dec 2026, the rate since 1 Apr 2023. The interest is paid every quarter.

How often do small savings rates change?

The Ministry of Finance reviews them every quarter and announces the next quarter's rates shortly before it starts. Rates often stay the same for several quarters.

Does the rate change after I invest?

For SCSS, MIS, NSC, KVP, Time Deposits and RD, the rate on the day you invest applies for the whole term. For PPF, Sukanya Samriddhi and the savings account, each quarter's new rate applies to the whole balance.