The Ministry of Finance has notified the post office interest rate for the period January to March 2022 (4th Quarter of Financial Year 2021-2022) on December 31, 2021.
This time also, the Government of India has kept the post office interest rate 2022 unchanged for the fourth quarter of the current financial year 2021-2022. This means all small savings schemes will continue to fetch the same interest rates for the 4th quarter (January-March 2022) as they did in the 3rd quarter (September-December 2021).
This means the Indian post office interest rate from 1st January to 31st March 2022 shall remain unchanged from those notified for the 3rd quarter of FY 2021-2022. The decision of keeping the post office deposit rates unchanged will bring some relief to the fixed-income investors.
Let us take a look at the new interest rates on post office schemes from January 1, 2022.
Also Read: Sovereign Gold Bond Scheme: How to buy Sovereign Gold Bonds (SGB)?
Also Read: 14 Smart Financial Tips for Middle Class People to get financial peace
Table of Contents
Indian Post Office Scheme
PPF, NSC, RD Account, MIS, Senior SCSS, Sukanya Samriddhi Yojana (SSA), and POTD are the best post office deposit scheme. A large number of fixed-income investors invest their money in these postal saving schemes.
The post office interest rate on NSC, RD account, POTD, MIS, KVP, and SCSS remain the same till the date of maturity when you invest in these post office investment schemes. Here, you need to note that the interest rate for the PPF (Public Provident Fund) scheme will change every quarter.
Timetable for change in Interest Rates
The post office interest rate are declared every quarter based on the yield on government bonds since April 1, 2016. Below is the timetable for change in India post interest rates.
| S. No. | Quarter for which interest rates would be effective | The date on which it will be notified |
| 1 | First Quarter (April to June) | 15th March |
| 2 | Second Quarter (July to September) | 15th June |
| 3 | Third Quarter (October to December) | 15th September |
| 4 | Fourth Quarter (December to March) | 15th December |
As per the schedule, the interest rates for Indian post office saving schemes are announced for the 4th quarter of the financial year 2021-22 starting January 1, 2022, and ending on March 31, 2022. The government of India kept the post office interest rate unchanged for the January-March quarter of the financial year 2021-22.
Click here to read the office memorandum dated 31.12.2021 issued by the Department of Economic Affairs (Budget Division), Ministry of Finance.
Also Read: SBI PPF Account – How to open PPF Account in SBI Online
Also Read: Post Office Recurring Deposit Account – Post Office RD Account
Post Office Interest Rate 2022
Here is a quick snapshot of the post office current interest rate for the January to March quarter of the financial year 2021-22.
1. The rate of interest on the Senior Citizens Savings Scheme shall remain unchanged at 7.4%. This is compounding quarterly and paid every quarter.
2. The Sukanya Samriddhi Account will continue to fetch an interest rate of 7.6%. This is compounding annually and paid on maturity.
3. The NSC Certificate will also continue to fetch an interest rate of 6.8%. This is compounding annually but payable at maturity.
4. The rate of interest on PPF (Public Provident Fund) shall remain unchanged at 7.1%. This is compounded annually and paid on maturity. The tenure of the PPF scheme is 15 years.
5. The interest rate on the KVP scheme is retained at 6.9%. This is compounded annually and paid on maturity. The KVP scheme will now double your money in 124 months.
6. The interest rate for the 5-year Post Office Monthly Income Scheme (MIS) will remain unchanged at 6.6%. This is compounded monthly and paid.
7. Five years RD Account will continue to earn an interest rate of 5.8%. This is compounded quarterly.
8. POTD (Post Office Time Deposit) scheme of 1 to 5 years’ period will continue to offer an interest rate of 5.5% to 6.7% p.a. This is compounded quarterly. This scheme is similar to fixed deposits offered by banks. Interest rates for 1 to 3 year Post Office Term Deposit are 5.5% p.a. and 6.7% p.a. for a 5-year term deposit.
9. The post office savings account interest rate shall remain unchanged at 4%. This is compounded annually.
Post Office Latest Interest Rates
Below you will find the post office interest rates table 2022 (January 1, 2022, to March 31, 2022).
Post Office Interest Rate Table 2022
| Scheme Name | Rate of Interest from 01/01/2022 to 31/03/2022 | Rate of Interest from 01/10/2021 to 31/12/2021 |
| Post Office Savings Account | 4% | 4% |
| 1 Year Time Deposit | 5.50% | 5.50% |
| 2 Years Time Deposit | 5.50% | 5.50% |
| 3 Years Time Deposit | 5.50% | 5.50% |
| 5 Years Time Deposit | 6.70% | 6.70% |
| 5 Years Recurring Deposit (RD) | 5.80% | 5.80% |
| 5 Years Monthly Income Account | 6.60% | 6.60% |
| Kisan Vikas Patra (KVP) Interest | 6.90% | 6.90% |
| 5 Years National Savings Certificate (NSC) | 6.80% | 6.80% |
| Public Provident Fund (PPF) | 7.10% | 7.10% |
| Sukanya Samriddhi Yojana | 7.60% | 7.60% |
| Senior Citizens Savings Scheme | 7.40% | 7.40% |
Final Thoughts
The Government of India (Ministry of Finance) kept the post office interest rate unchanged for the fourth quarter (January to March) of the financial year 2021-22. This will bring some relief to a large number of Indians who invest in these post office investment schemes.
With no change in post office interest rate 2022, some postal saving schemes will remain a good investment option for investors. Indian post office saving schemes are government-backed and offer the safety and security of your invested money.
Also Read: Top 4 Best Multi Cap Funds to invest
Also Read: Top 10 Network Marketing Companies in India (Top MLM Companies in India)