Revision of interest rates for NSS Schemes w.e.f. 01.10.2020

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

Dak Bhawan, New Delhi-110001
Dated: 01.10.2020

To,
All Head of Circles/Regions

Subject : Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.10.2020

Sir/Madam,

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The undersigned is directed to say that vide memorandum No. 01/04/2019-NS dated 30.09.2020 (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 third quarter of financial year 2020-21 (starting from 1st October, 2020 and ending on 31th December, 2020) shall remain unchanged from those notified for the second quarter of Financial Year 2020-21 (01 July, 2020 to 30th September, 2020). The details are indicated below for ready reference.

SI. No.InstrumentsRate of interest   w.e.f.01.07.2020 to 30.09.2020Rate of interest   w.e.f 01.10.2020 to 31.12.2020 (Unchanged)Compounding Frequency*
1Post Office Savings Account44Annually
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 Deposit Scheme5.85.8Quarterly
7Senior Citizen Savings scheme7.47.4Quarterly and Paid
8Monthly Income Account6.66.6Monthly and paid
9National Savings Certificate (VIllth 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 months)Annually
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)

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