Lok Sabha Question No. 880 (UNSTARRED), answered on 2022-12-12
Subject: Interest Rate for Term Deposit
Ministry: FINANCE
Asked by: Kalyan Banerjee

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO.880

## TO BE ANSWERED ON MONDAY DECEMBER 12, 2022/ Agrahayana 21, 1944 (Saka)

## INTEREST RATE FOR TERM DEPOSIT

## 880. SHRI KALYAN BANERJEE:

## Will the Minister of FINANCE be pleased to state:

- (a)  whether the Government proposes to revise the interest rate for term deposit and MIS in Post Office for the citizens of the country according to the current Repo Rate;
- (b) if so, details thereof and if not the reasons therefor;
- (c) the number of term deposits with Rural and Urban MIS Beneficiaries as of November 2022 thereof, State/Union Territory-wise;
- (d) whether the Government proposes to increase the maximum deposit in MIS considering the Per Capita Income in real terms; and
- (e) if so, the details thereof and if not, the reasons therefor?

## ANSWER

## MINISTER OF STATE (FINANCE)

## ( SHRI PANKAJ CHAUDHARY )

- (a) and (b) The Government periodically revises the interest rate on Small Saving Schemes, including MIS and Time Deposits in Post Office.
- (c)     Details are annexed.
- (d) and (e) The deposit limits are reviewed by the Government, periodically.

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Table: 1 State / UT-wise number of accounts of MIS as on 30.11.2022

| State                                       | MIS Accounts   | MIS Accounts   |
|---------------------------------------------|----------------|----------------|
|                                             | Rural          | Urban          |
| ANDAMAN AND NICOBAR ISLANDS                 | 273            | 1,121          |
| ANDHRA PRADESH                              | 74,892         | 1,67,829       |
| ARUNACHAL PRADESH                           | 430            | 2,052          |
| ASSAM                                       | 32,017         | 98,680         |
| BIHAR                                       | 89,500         | 1,70,080       |
| CHANDIGARH                                  | 0              | 27,338         |
| CHHATTISGARH                                | 10,158         | 66,548         |
| DELHI                                       | 1,701          | 3,15,982       |
| GOA                                         | 5,879          | 14,539         |
| GUJARAT                                     | 1,33,164       | 6,84,908       |
| HARYANA                                     | 32,393         | 1,60,321       |
| HIMACHAL PRADESH                            | 1,00,461       | 59,554         |
| JAMMU AND KASHMIR                           | 9,588          | 28,104         |
| JHARKHAND                                   | 61,295         | 1,11,544       |
| KARNATAKA                                   | 47,806         | 3,25,456       |
| KERALA                                      | 83,793         | 1,10,038       |
| LADAKH                                      | 34             | 101            |
| LAKSHADWEEP                                 | 0              | 34             |
| MADHYA PRADESH                              | 11,516         | 2,60,168       |
| MAHARASHTRA                                 | 1,13,954       | 8,11,303       |
| MANIPUR                                     | 74             | 2,201          |
| MEGHALAYA                                   | 394            | 4,553          |
| MIZORAM                                     | 60             | 226            |
| NAGALAND                                    | 103            | 593            |
| ODISHA                                      | 73,702         | 1,63,875       |
| PUDUCHERRY                                  | 470            | 7,168          |
| PUNJAB                                      | 48,391         | 2,47,964       |
| RAJASTHAN                                   | 60,220         | 2,46,135       |
| SIKKIM                                      | 63             | 1,710          |
| TAMILNADU                                   | 1,08,896       | 3,77,132       |
| TELANGANA                                   | 9,457          | 1,37,763       |
| THE DADRA AND NAGAR HAVELI AND DAMANAND DIU | 458            | 2,894          |
| TRIPURA                                     | 7,990          | 38,980         |
| UTTAR PRADESH                               | 1,15,836       | 6,06,449       |
| UTTARAKHAND                                 | 22,067         | 1,25,235       |
| WEST BENGAL                                 | 7,37,373       | 20,39,427      |
| Total                                       | 19,94,408      | 74,18,005      |