FINMIN ORDERS: Revision of interest rates for Small Savings Schemes

F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 31.03.2021

OFFICE MEMORANDUM

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:

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InstrumentsRates of
interest from
01.01.2021 to
31.03.2021
Rates of
interest from
01.04.2021 to
30.06.2021
Compounding
frequency*
Savings Deposit4.03.5Annually
1 Year Time Deposit5.54.4Quarterly
2 Year Time Deposit5.55.0Quarterly
3 Year Time Deposit5.55.1Quarterly
5 Year Time Deposit6.75.8Quarterly
5 Year Recurring Deposit5.85.3Quarterly
Senior Citizen Savings Schemes7.46.5Quarterly and paid
Monthly Income Account6.65.7Monthly and paid
National Savings Certificate6.85.9Annually
Public Provident Fund Scheme7.16.4Annually
Kisan Vikas Patra6.9 (will
mature in 124
months)
6.2 (will mature
in 138 months)
Annually
Sukanya Samriddhi Account Scheme7.66.9Annually

*No change.

2. This has the approval of competent authority.

S/d,
(Rajesh Panwar)
Deputy Director (NS)
Tele – 01123093170

Source: Department of Economic Affairs

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