PPF 7.1% | Sukanya 8.0% | SCSS 8.2% | NSC 7.7% | No Changes for Jul-Sep 2023

There have been no changes in the major small savings scheme for the quarter of July-September 2023.

  • PPF interest rates – No Change (remains at 7.1%) – Possible reason like last quarter- Why PPF rates not increased?
  • Sukanya Samriddhi Yojana rates – No Change (remains at 8.0%)
  • Senior Citizen Savings Scheme or SCSS – No Change (remains at 8.2%)
  • National Savings Certificate or NSC – No Change (remains at 7.7%)
  • Monthly Income Scheme or MIS – No Change (remains at 7.4%)

Here is the full notification for the changes in interest rates (via this link):

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

The EPF rates were hiked to 8.15% few months back as well.

Note – Since the interest rates of RBI Floating Rate Savings Bonds 2020 (Taxable) are pegged to NSC rates, i.e. the RBI Floating Bond rates are always 0.35% above NSC rates. So with NSC rates at 7.7%, the RBI Floating Rate bond rates will also increase to 8.05% per annum for period of Jul-Dec 2023. Read more about RBI Floating Rate Bonds interest rates 2023.

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