prpri Interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021 Interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021

SB Order No 17/2021

F.No 113-03/2017-SB (Pt.1)
Govt. of India
Ministry of Communications
Department of Posts
(F.S. Division)

Dak Bhawan, New Delhi-110001
Dated: 01.07.2021

To,

All Head of Circles/Regions

Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021

Sir/Madam,

The undersigned is directed to say that vide O.M. no. 1/4/2019-NS dated 30.06.2021 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that, the rate of interest on various National (Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on  30th  September,  2021  shall  remain  unchanged  from  the  current  interest rates applicable for the first quarter (1st April, 2021 to 30th June, 2021).

The details of interest rates are indicated belt w for ready re1’erence: –

SI. No. National Savings Scheme Rate of interest w.e.f. 01.04.2021 to 30.06.2021 (%) Rate of interest w.e.f 01.07.2021 to 30.09.2021 (unchanged) Compounding Frequency*
01. Post Office Savings Account 4.0 4.0 Annually
02. 1 Year Time Deposit 5.5 5.5 Quarterly
03. 2 Year Time Deposit 5.5 5.5 Quarterly
04. 3 Yeai Time Deposit 5.5 5.5 Quarterly
0fi. 5 Year Time Deposit 6.7 6.7 Quarterly
06. 5 Year Recurring Deposit Scheme 5.8 5.8 Quarterly
07. Senior Citizen Savings Scheme 74 7.4 Quarterly and Paid
08. Monthly Income Account 6.6 6.6 Monthly and paid
09. National Savings Certificate (VIII Issue) 6.8 6.8 Annually
10. Public Provident Fund Scheme 7.1 7.1 Annually
11. Kisan Vikas Patra 6.9 (will mature in 124 months) 6.9 (will mature in 124 months) Annually
12. Sukanya Samriddhi Account Scheme 7.6 7.6 Annually

3. It is requested to circulate it to all concerned for information and necessary guidance. It may also be placed on the notice board of all Post Offices in public area.

4. This issues with the approval of Competent Authority.

Yours Faithfully,

(Devendra Sharma)
Assistant Director (SB-II)

Copy to:-

1. Sr. PPS to Secretary (Posts)

2. PS to Director General (Postal Services).

3. PPS/ PS to Addl. DG (Co-ordination)/Member (Banking)/ Member (O)/ Member (P)/ Member (Planning & HRD)/ Member (PLI)/ Member (Tech)/AS & FA

4. Addl. Director General, APS, New Delhi

5. Chief General Manager, BD Directorate / Parcel Directorate / PLI Directorate

6. Deputy Director General (Vigilance) & CVO) / Sr. Deputy Director General (PAF)

7. Director, RAKNPA / GM, CEPT / Directors of all PTCs

8. Director General P & T (Audit), Civil Lines, New Delhi

9. Secretary, Postal Services Board/ All Deputy Directors General

10. All General Managers (Finance) / Directors Postal Accounts / DDAP

11. Chief Engineer (Civil), Postal Directorate

12. All Sections of Postal Directorate

13. All recognized Federations / Unions/ Associations

14. GM, CEPT for uploading the order on the India Post website.

15. MOF (DEA), NS-II, North Block, New Delhi.

16. Joint Director & HOD, ICCW Building, 4 Deendayal Upadhyay Marg, New Delhi-110002

17. Guard File

18. Spare copies.


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