Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021

Revision of interest rates for National (Small) Savings Schemes

SB Order No. 38/2020

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

Dak Bhawan, New Delhi-110001
Dated: 31.12.2020

To,
All Head of Circles/Regions

Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021

Sir/Madam,

The undersigned is directed to say that vide memorandum No. 1/4/2019-NS dated 30.12.2020 (copy enclosed). Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) have informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31th March, 2021) shall remain unchanged from those notified for the third quarter of Financial Year 2020-21 (01st October, 2020 to 31st December, 2020), The details are indicated below for ready reference:-

SI. No.InstrumentsRate of interest w.e.f. 01.10.2020 to
31.12.2020
Rate of interest w.e.f 01.01.2021 to 31.03.2021 (Unchanged)Compounding Frequency*
1Post Office Savings Account4.04.0Annually
21   Year Time Deposit5.55.5Quarterly
32   Year Time Deposit5.55.5Quarterly
43   Year Time Deposit5.55.5Quarterly
55   Year Time Deposit6.76.7Quarterly
65 Year Recurring Deposit5.85.8Quarterly
7Senior Citizen Savings Scheme7.47.4Quarterly and   Paid
8Monthly Income Account Scheme6.66.6Monthly and   paid
9National   Savings Certificate (VIIIth Issue)6.86.8Annually
10Public   Provident Fund Scheme7.17.1Annually
11Kisan Vikas   Patra6.9 (will mature in 124 months)6.9 (will mature in 124 monthsAnnually
12Sukanya   Samriddhi Account Scheme7.67.6Annually

2. 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.

3. This issues with the approval of Competent Authority.

Yours Faithfully,

(Devendra Sharma)
Assistant Director (SB-II)

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