Update on 01.04.2021 at 09.00 AM: Tweet by FM– Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn. Read: Govt withdraws reduction in Small Saving interest Rates
Update on 31.03.2021 based on below Office Memorandum – Government reduces Interest rates on small saving schemes, including PPF, NSC, Senior Citizen Savings Schemes, Sukanya Samriddhi Account Scheme, Kisan Vikas Patra for the first quarter (Q1) of financial year 2021 with effect from April 1.
Government of India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi
Subject: Revision of interest rates for Small Savings Schemes – reg.
In exercise of the powers conferred by Rule 9(1) of the Government Savings Promotion General Rules, 2018, the rates of interest on various Small Savings Schemes for the first quarter of financial year 2021-22 starting from 1st April, 2021 and ending on 30th June, 2021 have been revised as indicated below:
|1 Year Time Deposit||5.5||4.4||Quarterly|
|2 Year Time Deposit||5.5||5.0||Quarterly|
|3 Year Time Deposit||5.5||5.1||Quarterly|
|5 Year Time Deposit||6.7||5.8||Quarterly|
|5 Year Recurring Deposit||5.8||5.3||Quarterly|
|Senior Citizen Savings Schemes||7.4||6.5||Quarterly and paid|
|Monthly Income Account||6.6||5.7||Monthly and paid|
|National Savings Certificate||6.8||5.9||Annually|
|Public Provident Fund Scheme||7.1||6.4||Annually|
|Kisan Vikas Patra||6.9 (will
mature in 124
|6.2 (will mature in 138 months)||Annually|
|Sukanya Samriddhi Account Scheme||7.6||6.9||Annually|
2. This has the approval of competent authority.
Deputy Director (NS)
Tele – 01123093170