The rate of interest for the 1st quarter of FY 2023-2024, i.e. 1 April 2023 to 31 June 2023, has increased to 8%. The rate of interest for the 4th quarter of FY 2022-2023, i.e. 1 January 2023 to 31 March 2023, was 7.6%. The rate of interest for the 1st quarter of FY 2022-2023 i.e. 1 April 2022 to 30 June 2022 was 7.6%.