Are the interest rates for PPF, Sukanya Samriddhi, and KVP set to change? A major decision is expected on September 30..

September 30, 2026, could be a crucial day for the millions of people investing in small savings schemes. On this day, the government will review the interest rates for popular schemes such as the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and Kisan Vikas Patra (KVP). This review will cover the third quarter of the 2026-27 financial year—specifically, the period from October to December 2026.

Investors are now watching closely to see whether the government will offer a "gift" by raising interest rates ahead of the festive season or maintain the existing rates.

**Announcement on September 30?**
Under current rules, the government reviews interest rates for small savings schemes every three months. The rates for the July-September quarter were last announced on June 30, 2026, with no changes made at that time. Now, the new rates for the upcoming quarter (October-December) are scheduled to be announced on September 30.

**Will interest rates rise this time? ****
It is worth noting that the interest rates for these small savings schemes are directly linked to government bond yields. According to the Chief Economist at India Ratings & Research, there has been a significant rise in long-term government bond yields since the end of June. The 10-year government bond yield stood at approximately 6.74% on June 30, 2026, and rose to around 7.05% by September 22—an increase of about 31 basis points during this period. Given this trend, experts believe that the rates for small savings schemes may either remain at current levels or see a modest hike by the government.

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