Interest rates today
The current government savings scheme rates, the EPF rate and the RBI repo rate in one place, each with its history and what it means for your money.
Small savings: October to December 2026Checked 21 October 2026
RBI repo rate5.5%from 5.25% on 7 October 2026
Highest small savings rate8.2%Sukanya Samriddhi and SCSS
PPF7.1%tax-free, unchanged since April 2020
EPF (2025-26)8.25%third year at this rate
Government savings schemes
Rates for October to December 2026. Tap any scheme for its full rules, rate history and what it earns.
Showing 7 of 7 schemes, highest rate first
| Scheme | Interest rate | Lock-in | Interest paid | Tax on interest | Who can invest | Open |
|---|---|---|---|---|---|---|
| Sukanya SamriddhiYour daughter's education and marriage | 8.2% | 21 years | Added yearly | Tax-free | Girls under 10 | |
| SCSSRegular income after 60 | 8.2% | 5 years | Every quarter | Taxable | Age 60 and above | |
| NSCA fixed 5-year return with a tax deduction | 7.7% | 5 years | At maturity | Taxable | Anyone | |
| KVPDoubling a lump sum, government-backed | 7.5% | 9 years 7 months | At maturity (doubles) | Taxable | Anyone | |
| Post Office MISA fixed monthly income | 7.4% | 5 years | Every month | Taxable | Anyone | |
| PPFLong-term, tax-free saving | 7.1% | 15 years | Added yearly | Tax-free | Anyone | |
| Post Office RDBuilding a monthly saving habit | 6.7% | 5 years | At maturity | Taxable | Anyone |
- Sukanya Samriddhi8.2%21 years · added yearly · tax-free · girls under 10
- SCSS8.2%5 years · every quarter · taxable · age 60 and above
- NSC7.7%5 years · at maturity · taxable · anyone
- KVP7.5%9 years 7 months · at maturity (doubles) · taxable · anyone
- Post Office MIS7.4%5 years · every month · taxable · anyone
- PPF7.1%15 years · added yearly · tax-free · anyone
- Post Office RD6.7%5 years · at maturity · taxable · anyone
The rates for January to March 2027 are due to be announced by 31 December 2026.
How to read these rates
- All rates are per year. 7.1% means ₹7,100 a year on ₹1 lakh, before compounding.
- Some rates change, some are locked. PPF and Sukanya accounts move to each new rate. NSC, KVP, SCSS, Post Office MIS and RD keep the rate on the day you invest for the full term.
- Tax changes the real return. PPF, Sukanya and EPF interest is tax-free. Interest on the others is added to your income and taxed at your slab rate.
- The repo rate is not a savings rate. It is what banks pay to borrow from the RBI, and it moves home loan EMIs and, more slowly, FD rates.