Small savings interest rates for July-September 2026 announced: Check latest PPF, SCSS, SSY, NSC rates

Small savings interest rates July-September 2026: The central government on Tuesday announced the interest rates for small savings schemes for the July-September 2026 quarter (Q2 FY2026-27). Investors in popular government-backed schemes, including the Public Provident Fund (PPF), Senior Citizens Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC) and various Post Office savings schemes, can now check the latest rates applicable from July 1, 2026.

According to a notification issued by the Department of Economic Affairs under the Ministry of Finance, the interest rates on all small savings schemes for the July-September 2026 quarter will remain unchanged from those applicable during the April-June 2026 quarter.

"The rates of interest on various Small Savings Schemes for the second quarter of FY 2026-27, starting from July 1, 2026, and ending on September 30, 2026, shall remain unchanged from those notified for the first quarter of FY 2026-27," the Finance Ministry said in the notification.

The decision means investors will continue to earn the same returns on popular savings schemes, including PPF, SCSS, SSY, NSC, Kisan Vikas Patra (KVP), Post Office Monthly Income Scheme (POMIS) and Post Office Time Deposits, for another three months.

Latest small savings interest rates for July-September 2026

The Senior Citizens Savings Scheme (SCSS) and Sukanya Samriddhi Yojana (SSY) will continue to offer 8.2 per cent per annum, the highest among the major small savings schemes.

The National Savings Certificate (NSC) will continue to earn 7.7 per cent, while Kisan Vikas Patra (KVP) offers 7.5 per cent, with investments maturing in 115 months. The Post Office Monthly Income Scheme (POMIS) will continue to provide 7.4 per cent per annum.

The Public Provident Fund (PPF) and the 3-Year Post Office Time Deposit will continue to offer 7.1 per cent. The 2-Year Post Office Time Deposit will earn 7.0 per cent, while the 1-Year Post Office Time Deposit will continue at 6.9 per cent.

The 5-Year Post Office Time Deposit will continue to offer 7.5 per cent, the 5-Year Post Office Recurring Deposit (RD) will provide 6.7 per cent, and the Post Office Savings Account will continue to earn 4.0 per cent per annum.

Why do small savings rates matter?

Small savings schemes are among the most popular investment options for conservative investors as they are backed by the Government of India and offer fixed, predictable returns. These schemes are widely used by retirees, salaried individuals and parents planning for long-term financial goals.

Several schemes, including PPF, Sukanya Samriddhi Yojana and the five-year National Savings Certificate, also offer tax benefits subject to the provisions of the Income-tax Act.

How are small savings interest rates decided?

The government reviews interest rates on small savings schemes every quarter. The rates are linked to the yields on government securities of comparable maturities, along with a prescribed spread. Based on prevailing market conditions and broader economic considerations, the government may revise or retain the rates for each quarter.

With the latest notification, investors in all major small savings schemes will continue to receive the existing interest rates during the July-September 2026 quarter.