Small Savings Scheme Rates From October 1: October 1, 2026 has brought many financial changes, and one of them is unchanged interest rates for the small savings schemes. The Government of India has kept the interest rates unchanged in various small savings schemes. This includes Public Provident Fund (PPF), National Savings Certificate (NSC) and Sukanya Samriddhi Yojana, for the third quarter of the financial year 2026-27.
The unchanged rates are applicable on the accounts for the period of two months. Starting from October 1, 2026, till the end of the year, December 31, 2026. The rates will remain the same as the previous rates.
Also Read: Big Financial Change From October 1, 2026
According to a Finance Ministry notification issued on September 30, the decision marks the 10th consecutive quarter of unchanged interest rates on small savings schemes. These schemes are mainly operated through post offices and banks and remain popular among investors seeking government-backed savings options.
Small Savings Scheme Interest Rates From October 1
The government has retained the existing interest rates on small savings schemes for the October-December 2026 quarter.
Here are the latest interest rates offered schemeswise, including PPF, NSC, Sukanya Samriddhi Yojana and Senior Citizens Savings Scheme.
|
Small Savings Scheme
|
Interest Rate (October-December 2026)
|
Maturity/Duration
|
|
8.2%
|
Long-term savings scheme
|
|
|
Senior Citizens Savings Scheme (SCSS)
|
8.2%
|
5 years
|
|
National Savings Certificate (NSC)
|
7.7%
|
5 years
|
|
Kisan Vikas Patra (KVP)
|
7.5%
|
115 months
|
|
Monthly Income Scheme (MIS)
|
7.4%
|
5 years
|
|
Public Provident Fund (PPF)
|
7.1%
|
15 years
|
|
4.0%
|
No fixed maturity
|
Small Savings Rates Unchanged For 10th Consecutive Quarter
The Government of India has kept the rates unchanged for the 10th consecutive quarter without a change. These interest rates were last changed in the fourth quarter of the financial year 2023-24.
For all the investors and scheme holders, there is no big change coming up, as the interest rates remain the same. This will offer investors continuity in their expected returns from these popular savings schemes.
The Government of India periodically reviews these rates from time to time. They take note of the prevailing interest-rate environment and the prescribed formula linked to government securities.
Impact On Scheme Holders
-
Existing deposits: Fixed-rate schemes such as NSC, KVP, SCSS, MIS and Time Deposits generally retain the rate applicable when the account was opened.
PPF & SSY: Their rates continue at 7.1% and 8.2%, respectively, for the current quarter.
Return stability: Existing rates provide greater predictability for savers during the October-December quarter.
Fresh investments: New deposits in the applicable schemes will earn the rates notified for this quarter.
No immediate change: Scheme holders will not see a change in the applicable rates due to the latest announcement.