MoF Keeps Interest Rates on Small Savings Schemes Unchanged for Q1FY27

Current Context: On 30 March 2026, the Ministry of Finance (MoF) notified interest rates for Small Savings Schemes for Q1 FY 2026‑27 (April 1–June 30, 2026).

• The government kept rates unchanged for the 8th consecutive quarter, ensuring stability.
• Sukanya Samriddhi Account (SSA) and Senior Citizen Savings Scheme (SCSS) remain at 8.2%, offering the highest returns.
• National Savings Certificate (NSC): 7.7%, Kisan Vikas Patra (KVP): 7.5% (doubles in 115 months), Mahila Samman Savings Certificate: 7.5%.
• Public Provident Fund (PPF): 7.1%, Monthly Income Scheme (MIS): 7.4%, Time Deposits: 6.9–7.5%, Recurring Deposit (RD): 6.7%.
• Post Office Savings Account continues at 4.0%.
• Despite fluctuations in bond yields and inflation, the government opted for absolute stability to protect household savers and senior citizens.

Question:

Q.1 As per the Ministry of Finance notification, what is the interest rate for National Savings Certificate (NSC)?
a) 7.1%
b) 7.4%
c) 7.5%
d) 7.7%

Answer: d) NSC offers 7.7% interest.