The central government has made an important announcement for the millions of citizens who invest in small savings schemes. For the third quarter of the current financial year (October to December 2026), the government has left the interest rates unchanged for all small savings schemes, such as the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and the Senior Citizen Savings Scheme.

According to a notification issued by the Finance Ministry, there has been no change in interest rates for this quarter. Therefore, the interest rate on the Public Provident Fund (PPF) will remain unchanged at 7.1% and on the Sukanya Samriddhi Yojana at 8.2%. The government reviews the interest rates for these schemes every three months.

New interest rates for small savings schemes

The interest rates on small savings schemes available in the July-August quarter will remain the same in the third quarter of the financial year 2027.

Millions of people in India invest in small savings schemes. Most people prefer investing in small savings schemes like the Public Provident Fund (PPF), National Savings Certificate (NSC), and Sukanya Samriddhi rather than investing in the stock market.

In a press release, the ministry wrote that the interest rates on various small savings schemes for the third quarter of the financial year 2026-27 (October 1, 2026 to December 31, 2026) will remain the same as the rates mentioned for the second quarter of the financial year 2026-27.

The current annual interest rates of these 12 major schemes are as follows:

Popular long-term savings scheme Public Provident Fund (PPF) will continue to offer an annual interest rate of 7.1% as before.

For the bright future of girls, Sukanya Samriddhi Yojana (SSY) scheme has been kept at the most attractive interest rate of 8.2%.

The Senior Citizens Savings Scheme (SCSS) scheme for senior citizens will offer an interest rate of 8.2%.

National Savings Certificate (NSC): This 5-year government savings certificate offers an interest rate of 7.7% per annum.

The Kisan Vikas Patra (KVP) scheme offers an interest rate of 7.5%, and the investment in this scheme doubles in 115 months (9 years and 7 months).

Mahila Samman Savings Certificate (MSSC) This 2-year special scheme for women and girls will offer an interest rate of 7.5%.

Monthly Income Scheme (MIS) This scheme of the Post Office, which provides fixed income every month, has a fixed interest rate of 7.4%.

Post Office Savings Account (Savings Account) General Savings Account will continue to earn 4.0% annual interest.

1-Year Time Deposit (TD): The interest rate on the 1-year term deposit scheme is fixed at 6.9%.

2-Year Time Deposit (TD): 2-year term deposit will offer an interest rate of 7.0%.

3 Year Time Deposit (TD): The interest rate on the 3-year term deposit scheme is 7.1%.

5 Year Time Deposit (TD): The interest rate on 5 year term deposit will be 7.5%.

PC: Outlook money