Post office interest rates are market linked and are revised every quarter depending upon the movement of long & short term market rates in general.
The above interest rates are applicable for the fourth quarter (Jan-March 2024) of financial year 2023-24.
With RBI keeping interest rates unchanged in the last monetary policy, there has been no major change in post office interest rates compared to the previous quarter as seen in the table above. All post office scheme rates have remain unchanged except for 3-year post office time deposit and Sukanya Samridhi Scheme (SSY). Interest rates for 3 year time deposit were hiked from 7 to 7.1 per cent and for SSY, they were hiked from 8 per cent to 8.2 per cent.
With the general rise in interest rates over the last 4 quarters, post office interest rates of all schemes have risen by 1-1.3 per cent in the financial year 2023-24. PPF interest rates have however remain unchanged at 7.1 per cent p.a.