Post Office FD Interest For Q3 2023 Will Be Released Today!!! Likely To Be Hiked: The fixed deposit/time deposit interest rate in the post office for the third quarter (July to September) of this Financial year will be released today (30.06.2023). The account holders in the post office can check the interest rates for their term deposits and they are anticipated that the interest rates will be hiked by a certain percentage.
For the last quarter the interest rate for fixed deposits has been hiked by 0.5% and the interest rate for 5 years tenure has been set up to 7.7%. The interest rate for recurring deposits will also be released today. The post office allows the investors to deposit a minimum of Rs. 1000 for the fixed deposit and candidates can deposit maximum multiples of Rs. 100.
The REPO rate for the last four months has been paused and due to this, the interest rate may also be paused. The REPO rate will be revised on a Bi-monthly basis by the Reserve Bank of India (RBI). For the last six months, the post office has increased the interest rates for all schemes like Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), and others except PPF.