Amid the rise in repo rates, the government raised interest rates by up to 30 basis points on a few small savings schemes for the third quarter (October to December) of the current fiscal year or FY23. 2- and 3-year Term Deposits, Old Age Savings Scheme (SCSS), Kisan Vikas Patra (KVP), Postal Monthly Income Account, etc. have seen increased interest rates. interest. Despite bond yields already being strong over the past 6 months and the fourth repo rate hike in five months, there has been no change in interest rates for the Sukanya Samriddhi Yojana (SSY) , the Public Provident Fund (PPF) and the National Fund. Savings Certificate (NSC) at T3FY23.