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  5. Small savings scheme interest rates April-June 2026: SCSS, PPF, SSY, and other scheme rates declared

Personal Finance News

Small savings scheme interest rates April-June 2026: SCSS, PPF, SSY, and other scheme rates declared

Upstox
By Upstox News Desk

3 min read | Updated on March 31, 2026, 13:31 IST

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SUMMARY

Small savings scheme rates for April-June 2026, including KVP, SSY, SCSS, PPF, and more, were announced by the government on March 30.

small savings scheme 2026 june quarter

Small savings scheme investors are now awaiting the government’s decision for the April-June 2026 quarter. | Image: Shutterstock.

The Finance Ministry has kept the interest rates for small savings schemes for April-June 2026 unchanged, news agency PTI reported. The interest rates for various small savings schemes, including PPF, SCSS and NSC, have remained unchanged for the eighth straight quarter.
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"The rates of interest on various small savings schemes for the first quarter of FY 2026-27, starting from April 1, 2026, and ending on June 30, 2026, shall remain unchanged from those notified for the fourth quarter (January 1, 2026 to March 31, 2026) of FY 2025-26," the Finance Ministry notification said.

Ahead of the announcement of interest rates on small savings schemes, investors were closely watching for any signs of a hike.

Popular options such as the Public Provident Fund (PPF), National Savings Certificate (NSC), and Kisan Vikas Patra (KVP) continue to draw conservative investors.

Interest rates on these schemes are reviewed every quarter. The list includes Recurring Deposits (RD), PPF, Sukanya Samriddhi Yojana (SSY), KVP, NSC, and the Senior Citizen Savings Scheme (SCSS).

In its previous notification on December 31, 2025, the Department of Economic Affairs had kept rates unchanged for the January-March 2026 quarter.

Small savings schemes interest rates (April-June 2026)

For the quarter starting April 1, 2026, Sukanya Samriddhi Yojana offers 8.2%, while PPF stands at 7.1%. NSC provides 7.7%, and KVP offers 7.5% with a maturity period of 115 months. The Monthly Income Scheme gives 7.4%, the three-year Post Office Time Deposit offers 7.1%, and the Post Office Savings Account remains at 4%.

A 1-year fixed deposit offers 6.9%, making it suitable for short-term parking of funds. The 2-year fixed deposit provides 7.0%, balancing liquidity and returns. The 3-year fixed deposit offers 7.1%, while the 5-year fixed deposit stands at 7.5%, catering to long-term investors. Meanwhile, a 5-year recurring deposit currently offers 6.7%.
SchemeInterest Rate (%)
Sukanya Samriddhi Yojana (SSY)8.2%
Public Provident Fund (PPF)7.1%
National Savings Certificate (NSC)7.7%
Kisan Vikas Patra (KVP)7.5%
Senior Citizen Savings Scheme (SCSS)8.2%
Monthly Income Scheme (MIS)7.4%
Post Office Savings Account4.0%
1-year Fixed Deposit6.9%
2-year Fixed Deposit7.0%
3-year Fixed Deposit7.1%
5-year Fixed Deposit7.5%
5-year Recurring Deposit (RD)6.7%

When were rates last revised?

The last revision in rates was seen in the January-March quarter of FY 2023-24. In April 2024, only two schemes saw an increase, the three-year time deposit (from 7% to 7.1%) and Sukanya Samriddhi Yojana (from 8% to 8.2%). All other schemes have remained unchanged since then.

How are rates decided?

The government follows a formula linked to market yields. The Finance Ministry considers yields on government securities of similar maturities, for example, a five-year G-Sec yield for a five-year deposit.

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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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