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 second quarter (July-September 2023) of financial year 2023-24. 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 annually. PPF interest rates have however remain unchanged at 7.1 per cent p.a.
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. There has been a nominal rise in rates of short term products but interest rates of long-term products have remain unchanged.