Rate of interest on various Small Savings Schemes – SB Order No. 07/2021

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Rate of interest on various Small Savings Schemes – SB Order No. 07/2021

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2021-22 SB Order No. 07/2021 e.

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Rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2021-22

SB Order No. 07/2021

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: 01.04.2021

To,

All Head of Circles/Regions

Subject; Revision of interest rates for National (Small) Savings Schemes w.e.f 01.04.2021

Sir/Madam,

The undersigned is directed to say that vide memorandum No. 114/2019-NS dated 01.04.2021 (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 first quarter of financial year 2021-22 (starting from 1st April, 2021 and ending on 30th June, 2021) shall remain unchanged from those notified for the fourth quarter of Financial Year 2020-21 (01st January, 2021 to 31st March, 2021). The details are indicated below for ready reference: –

SI. Instruments Rate of interest Rate of interest Compounding
No. w.e.f. w.e.f Frequency*
01.01.2021        to 01.04.2021        to
31.03.2021 30.06.2021
(Unchanged)
01. Post Office Savings Account 4.0 4.0 Annually
02. 1 Year Time Deposit 5.5 5.5 Quarterly
03. 2 Year Time Deposit 5.5 5.5 Quarterly
04. 3 Year Time Deposit 5.5 5.5 Quarterly
05. 5 Year Time Deposit 6.7 6.7 Quarterly
06. 5 Year Recurring Deposit Scheme 5.8 5.8 Quarterly
07. Senior Citizen Savings Scheme 7.4 7.4 Quarterly and Paid
08. Monthly Income Account 6.6 6.6 Monthly and paid
09. National Savings Certificate (VIIIth  Issue) 6.8 6.8 Annually
10. Public Provident Fund Scheme 7.1 7.1 Annually
11. Kisan Vikas Patra 6.9 (will mature in 124 months) 6.9 (will mature   in   124 months) Annually
12. Sukanya  Samriddhi  Account Scheme 7.6 7.6 Annually

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.

Revision of interest rates for Small Savings Schemes ; Fin Min Order Dtd 01st April 2021

3. This issues with the approval of Competent Authority.

Yours Faithfully

T C Vijayan
Assistant Director

rate-of-interest-on-various-small-savings-schemes-sb-order-no-07-2021

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