The Government of India has announced that the interest rates on all National Small Savings Schemes will remain unchanged for the second quarter of the financial year 2026–27, covering the period from 1 July 2026 to 30 September 2026.
The decision was notified by the Ministry of Finance, Department of Economic Affairs, through Office Memorandum No. 1/4/2019-NS dated 30 June 2026. The Department of Posts subsequently issued SB Order No. 07/2026, directing all postal circles and regional offices to implement the revised instructions and prominently display the notification at post offices to ensure public awareness.
Since no revisions have been announced, investors will continue to receive the same interest rates that were applicable during the first quarter of FY 2026–27.
Small Savings Scheme Interest Rates (1 July – 30 September 2026)
| Scheme | Interest Rate |
|---|---|
| Savings Deposit | 4.0% |
| 1-Year Time Deposit | 6.9% |
| 2-Year Time Deposit | 7.0% |
| 3-Year Time Deposit | 7.0% |
| 5-Year Time Deposit | 7.5% |
| 5-Year Recurring Deposit | 6.7% |
| Monthly Income Scheme (MIS) | 7.4% |
| National Savings Certificate (NSC) | 7.7% |
| Public Provident Fund (PPF) | 7.1% |
| Senior Citizen Savings Scheme (SCSS) | 8.2% |
| Sukanya Samriddhi Account Scheme (SSAS) | 8.2% |
| Kisan Vikas Patra (KVP) | 7.5% (Maturity: 115 months) |
Key Highlights
Interest rates remain unchanged for the July–September 2026 quarter.
The rates are effective from 1 July 2026 to 30 September 2026.
Senior Citizen Savings Scheme and Sukanya Samriddhi Account continue to offer the highest return of 8.2%.
Kisan Vikas Patra will continue to earn 7.5% interest and mature in 115 months.
Public Provident Fund (PPF) continues to offer 7.1%, while the National Savings Certificate (NSC) remains at 7.7%.
What This Means for Investors
The government’s decision to maintain the existing interest rates provides stability and predictability for millions of savers who invest in Small Savings Schemes. These government-backed investment options continue to be a preferred choice for individuals seeking secure returns, tax-saving opportunities, and long-term wealth creation.
Investors can continue their investment plans with confidence, knowing that the returns on these schemes remain unchanged for the second quarter of FY 2026–27.
Conclusion
The Government of India has opted to keep the interest rates on all National Small Savings Schemes unchanged for the quarter ending 30 September 2026. This ensures continuity in returns across popular schemes such as PPF, SCSS, NSC, Sukanya Samriddhi Account, Time Deposits, and Kisan Vikas Patra. Investors should review their financial goals and choose the scheme that best aligns with their investment horizon, liquidity needs, and risk profile.