SB Order No. 01/2020

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

Dak Bhawan, New Delhi-110001
Dated:   01.01.2020

To,

All Head of Circles/Regions
Addi. Director General, APS, New Delhi

Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2020

Madam/Sir,

The undersigned is directed to say that vide memorandum No. 01/04/2019-NS dated 31.12.2019 (copy enclosed), Govt.  of India, Ministry of Finance, Department of Economic Affairs (Budget Division) have informed that the rate of interest on various National Small Savings Schemes for the fourth quarter of financial year 2019-20 ( starting from 1st January ,2020 and ending on 31st March, 2020) shall remain unchanged from those notified for the third quarter of Financial Year 2019-20 (01st October 2019 to 31st December,2019). The details are indicated below for ready reference.

SI. No. Instruments Rate of interest w.e.f. 01.10.2019 to 31.12.2019 Rate of interest w.e.f 01.01.2020 to 31.03.2020 (Unchanged) Compounding Frequency*
01. Post Office Savings Account 4.0 4.0 Annually
02. 1 Year Time Deposit 6.9 6.9 Quarterly
03. 2 Year Time Deposit 6.9 6.9 Quarterly
04. 3 Year Time Deposit 6.9 6.9 Quarterly
05. 5 Year Time Deposit 7.7 7.7 Quarterly
06. 5 Year Recurring Deposit 7.2 7.2 Quarterly
07. Senior Citizen Savings Scheme 8.6 8.6 Quarterly and Paid
08. Monthly Income Account 7.6 7.6 Monthly and paid
09. National Savings Certificate (VIII Issue) 7.9 7.9 Annually
10. Public Provident Fund Scheme 7.9 7.9 Annually
11. Kisan Vikas Patra 7.6 (will mature in 113 months) 7.6 (will mature in 113 months) Annually
12. Sukanya Samriddhi Account Scheme 8.4 8.4 Annually

3. It is requested to circulate it to all concerned for information and necessary guidance. Same may also be placed on the notice board of all Post Offices in public area.The necessary calculation tables will be supplied in due course on receipt from the DEA/MoF.

4. This issues with the approval of Competent Authority.

Yours Faithfully,

(Devendra Sharma)
Assistant Director (SB)

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