No. The Government of India kept small-savings interest rates unchanged for 1 October to 31 December 2026, carrying forward the rates notified for the previous quarter. PPF remains at 7.1% per annum, SCSS at 8.2% per annum and NSC at 7.7% per annum.
Small-savings rates for October–December 2026
The Department of Economic Affairs (DEA) memorandum dated 30 September 2026 says rates for the third quarter of FY 2026–27 remain unchanged from those notified for 1 July to 30 September 2026. The DEA’s Small Savings index lists the Q3 notice and its date. India Post’s published scheme information lists the same rates.
| Scheme | Rate for 1 Oct–31 Dec 2026 | Interest basis noted by India Post |
|---|---|---|
| Public Provident Fund (PPF) | 7.1% per annum | Compounded yearly |
| Senior Citizens Savings Scheme (SCSS) | 8.2% per annum | Not stated on the cited India Post summary |
| National Savings Certificate (NSC) | 7.7% per annum | Payable at maturity and compounded yearly |
The figures are scheme interest rates for this quarter, not a guarantee of an investor’s final return; account terms and applicable rules determine how interest is credited or paid.
What the government’s notice says
The DEA memorandum’s operative wording, reproduced in a copy of the memorandum, states: “The rates of interest on various Small Savings Schemes for the third quarter of FY 2026-27 starting from 1st October, 2026 and ending on 31st December, 2026 shall remain unchanged from those notified for the second quarter (1st July, 2026 to 30th September, 2026) of FY 2026-27.” The memorandum is identified as a Ministry of Finance, Department of Economic Affairs (Budget Division) office memorandum dated 30 September 2026. The quoted text is available in a reproduction of the memorandum; the DEA index provides the official notice listing and date.
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What “unchanged” means for savers
There is no Q3 rate increase or cut for these three schemes relative to Q2. The rates above apply to the stated quarter, 1 October through 31 December 2026. Since small-savings rates are reviewed quarterly, check the next DEA notice after 31 December 2026 before relying on these figures for a later period.
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