PPF stays at 7.1% | Sukanya at 7.6% | SCSS rates increased to 8.0%

The government has made a few changes to the small scheme savings interes rates for the quarter of January-March 2023.

Here are the changes made –

  • PPF interest rates – No Change (remains at 7.1%)
  • Sukanya Samriddhi rates – No change (remains at 7.6%)
  • Senior Citizen Savings Scheme or SCSS – Increased by 0.4% (now at 8.0%)
  • National Savings Certificate or NSC – Increased by 0.2% (now at 7.0%)
  • Monthly Income Scheme or MIS – Increased by 0.4% (now at 7.1%)

You check the historical interest rates for few of these using the following links – PPF Interest Rate History and Sukanya Samriddhi Yojana Interest Rate history

Note – Since the interest rates of RBI FLoating Rate Savings Bonds 2020 (Taxable) are pegged to NSC interest rates, the above hike in NSC rates by 0.20% will also lead to an increase in RBI FLoating Rate bonds by similar amount. The RBI Floating Bond rates are always 0.35% above NSC rates. So with NSC rates now at 7.0%, the RBI Floating Rate bond rates will increase to 7.35% per annum now. Read more about RBI Floating Rate Bonds interest rates 2023.

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