Small Savings Scheme Interest Rates in India – PPF, NSC, Sukanya, SCSS & Others (Latest Update)
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Small Savings Interest Rates July–September 2026 (PPF, NSC, SSY, SCSS Full List)
The Government of India has announced the latest small savings interest rates for the July–September 2026 quarter (Q2 FY 2026-27). These include popular schemes like PPF, NSC, Sukanya Samriddhi Yojana (SSY), and SCSS. The rates remain unchanged, offering stable and safe returns for investors and government employees.
Category: Finance / Investment
Period: Q2 FY 2026-27 (July – September)
✅ Unchanged Rates: The Government of India has kept the interest rates on Small Savings Schemes unchanged for the quarter July to September 2026. These schemes remain one of the safest investment options for government employees and the public.
📊 Latest Interest Rates (July – September 2026)
Sukanya Samriddhi Yojana (SSY)
8.2%
Senior Citizen Savings (SCSS)
8.2%
National Savings Certificate (NSC)
7.7%
Kisan Vikas Patra (KVP)
7.5%
Monthly Income Scheme (MIS)
7.4%
Public Provident Fund (PPF)
7.1%
Recurring Deposit (RD)
6.7%
Post Office Savings
4.0%
🏦 SBI Savings vs Post Office vs Small Savings
| Investment Type | Interest Rate |
|---|---|
| SBI Savings Account | ~2.5% to 2.7% |
| Post Office Savings | 4.0% |
| PPF / NSC (Govt Backed) | 7.1% to 7.7% |
| SSY / SCSS (Highest) | 8.2% |
ℹ️ Key Highlights:
• No change in interest rates for this quarter.
• Rates are reviewed by the government every 3 months.
• Highest return is 8.2% (SSY & SCSS).
• Safe, risk-free, and government-backed investments.
Source: Interest rates are notified by the Government of India through the Department of Economic Affairs, Ministry of Finance.
Frequently Asked Questions (FAQ)
1. What is the interest rate for PPF in July–September 2026?
The interest rate for Public Provident Fund (PPF) is 7.1% for the quarter July – September 2026.
2. Which scheme offers the highest return in Q2 2026?
Sukanya Samriddhi Yojana (SSY) and the Senior Citizen Savings Scheme (SCSS) offer the highest return at 8.2%.
3. Why are SBI savings rates lower than Post Office?
Banks like SBI decide their own rates based on RBI policies and liquidity. Small Savings rates are set by the Government of India to promote long-term savings and are generally higher.
4. Are these rates fixed for the entire year?
No. The Government of India reviews and revises the interest rates on small savings schemes every quarter (every 3 months).
5. Is the investment in these schemes safe?
Yes. Investments in PPF, NSC, SSY, SCSS, and other Post Office schemes are fully backed by the Government of India and carry zero risk.