Small savings scheme interest rates for October-December 2026; check details

The Finance Ministry has kept interest rates for small savings schemes unchanged for the October-December 2026 quarter today, September 30.

Small savings interest rates (October-December 2026)

For the July-September 2026 quarter, the government kept interest rates unchanged across all small savings schemes for the ninth consecutive quarter.

What investors expected

With the current quarter ending on September 30, investors were waiting for the government's decision on interest rates for the October-December 2026 quarter. The Finance Ministry generally announces the revised rates at the end of every quarter, and the new rates come into effect from the first day of the next quarter.

What determines small-savings interest rates?

The government’s quarterly review of small-savings rates is guided by a formula that links these rates to Government Securities (G-sec) yields of comparable maturities. The framework provides for scheme-specific spreads over the relevant G-sec benchmark. This means movements in market yields can influence the rates that are considered for small-savings schemes, although the government retains the discretion to notify the actual rates for each quarter. The Department of Economic Affairs maintains the official record of small-savings rate notifications.