8.2% interest will be available on Sukanya and 7.1% interest on PPF: No change in the interest rates of small savings schemes, interest rates remain stable for the 11th consecutive quarter.

The government has not made any change in the interest rates of small savings schemes like Public Provident Fund (PPF), Post Office FD, Sukanya Samriddhi Yojana (SSY) for the October-December quarter i.e. the third quarter of the financial year 2026-27.

This is the 11th consecutive quarter when there has been no change in interest rates. The government last increased interest rates in December 2023.

7.1% interest rate on Public Provident Fund

7.1% interest will be available on Public Provident Fund (PPF) and 8.2% interest on Sukanya Samriddhi Yojana. Interest rates on small savings schemes range between 4% to 8.2%.

The government also keeps an eye on the cash and inflation situation in the country before deciding on the interest rates of small savings schemes. These are reviewed every three months.

Interest rates are reviewed every quarter

The interest rates of Small Savings Scheme are reviewed every quarter. The formula for determining their interest rates was given by the Shyamala Gopinath Committee.

The committee had suggested that the interest rates of these schemes should be 0.25-1.00% higher than the yield of government bonds of similar maturity.

These schemes are the major source of household savings

Small savings schemes are the major source of household savings in India. In these schemes, depositors get fixed interest on their money.

Collections from all small savings schemes are deposited in the National Small Savings Fund (NSSF).

Small Savings Instrument can be divided into three parts

Make Dainik Bhaskar your favorite source on Google ➔