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  5. Small savings scheme interest rates for October-December 2026: Announcement due on September 30

Personal Finance News

Small savings scheme interest rates for October-December 2026: Announcement due on September 30

image Sangeeta Ojha
By Sangeeta Ojha

2 min read | Updated on September 28, 2026, 12:54 IST

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SUMMARY

Interest rates on small savings schemes are reviewed by the government every quarter. For the July-September 2026 quarter, the government kept interest rates unchanged across all small savings schemes for the ninth consecutive quarter.

Small savings scheme interest rates for October-December 2026

The government’s quarterly review of small-savings rates is guided by a formula.

The government is expected to announce interest rates for small savings schemes for the October-December 2026 quarter on September 30.

Investors in popular schemes such as the Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) will be watching closely to see whether the rates are revised or remain unchanged.
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Current interest rates (July-September 2026)

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

Small Savings SchemeCurrent Interest Rate (July-September 2026)
Public Provident Fund (PPF)7.1% per annum
Senior Citizen Savings Scheme (SCSS)8.2% per annum
Sukanya Samriddhi Yojana (SSY)8.2% per annum
National Savings Certificate (NSC)7.7% per annum
Post Office Monthly Income Scheme (POMIS)7.4% per annum
Kisan Vikas Patra (KVP)7.5% per annum*
1-Year Post Office Time Deposit6.9% per annum
2-Year Post Office Time Deposit7.0% per annum
3-Year Post Office Time Deposit7.1% per annum
5-Year Post Office Time Deposit7.5% per annum
5-Year Post Office Recurring Deposit (RD)6.7% per annum

What investors can expect

With the current quarter ending on September 30, investors are now 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.

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About The Author

image Sangeeta Ojha
Sangeeta Ojha is a business and finance journalist with experience across leading media platforms like Mint and India Today. She has built a reputation for covering a wide range of personal finance topics, including income tax, mutual funds, insurance, savings and investing.

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