In a memorandum dated 30 September 2026, the Department of Economic Affairs detailed the interest rates for the October‑December quarter, following a December 2024 review that only raised the Sukanya Samriddhi Account and the 3‑year time‑deposit rates.
The Public Provident Fund stays at 7.10%, the Senior Citizens Savings Scheme at 8.20%, and the National Savings Certificate at 7.70%. The 1‑year time deposit is 6.90%, the 2‑year 7.00% and the 3‑year 7.10%.
Bankbazaar CEO Adhil Shetty said the rates are linked to government bond yields, adding, "G‑Sec yields have risen, which could support higher rates, but the Ministry maintains a spread that protects real returns."
The decision comes amid a higher‑rate environment as inflation climbs and the RBI may raise policy rates to curb price pressures, tightening bond yields further.
The Ministry will convene a new review in March 2027, when it will reassess rates against evolving economic indicators.