Government of India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi Dated: 29.03.2019
Subject: Revision of interest rates for Small Savings Schemes.
On the basis of the decision of the Government, interest rates for small savings schemes are notified on quarterly basis since April, 2016. Accordingly, the rates of interest on various small savings schemes for the first quarter of financial year 2019-20 staring 1st April, 2019 and ending on 30th June, 2019 shall remain unchanged from those notified for the fourth quarter of financial year 2018-19.
2. This has the approval of Finance Minister.
(Akhilesh Kumar Misra))
Tele : 01123092744
Rates from 1st April, 2019 and ending on 30th June, 2019 shall be as follows:-
|Instructions||Rate of interest w.e.f. 01.04.2019 to 30.06.2019||Compounding Frequency*|
|1 Year Time Deposit||7.0||Quarterly|
|2 Year Time Deposit||Quarterly|
|3 Year Time Deposit||Quarterly|
|5 Year Time Deposit||7.8||Quarterly|
|5 Year Recurring Deposit||7.3||Quarterly|
|5 Year Senior Citizen Savings Scheme||8.7||Quarterly and Paid|
|5 Year Monthly Income Account||7.7||Monthly and paid|
|5 Year National Savings Certificate||8.0||Annually|
|Publilc Provident Fund Scheme||8.0||Annually|
|Kisan Vikas Patra||7.7 (will mature in 112 months)||Annually|
|Sukanya Samriddhi Account Scheme||8.5||Annually|