Revision of Interest Rates for Small Savings Schemes from July 2021

Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021: SB Order No 17/2021

SB Order No 17/2021

F.No 113-03/2017-SB (Pt.l)

Govt. of India

Ministry of Communications

Department of Posts (F.S. Division)

Dak Bhawan, New Delhi-110001

Dated: 01.07.2021

To,

All Head of Circles/Regions

Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021

Sir/Madam,

                 The undersigned is directed to say that vide O.M. no.1/4/2019-NS dated 30.06.2021 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rate of interest on various National(Small) Savings Schemes for the second quarter of the financial year 2021-22 starting from 1st July 2021 and ending on 30th September 2021 shall remain unchanged from the current interest rates applicable for the first quarter (1st April 2021 to 30th June 2021).

SL No.

National Savings Scheme

Rate of interest w.e.f.01.04.2021 to 30.06.2021 (%)

Rate of interest w.e.f 01.07.2021 to 30.09.2021 (%) (unchanged)

Compounding Frequency *

01.

Post Office SavingsAccount

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 (VIII 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

3. It is requested to circulate it to all concerned for information and necessary guidance It may also be placed on the notice board of all Post Offices in a public area.

4. This issues with the approval of Competent Authority.

Yours Faithfully,

Sd/-

(Devendra Sharma)

Assistant Director (SB-II)

Enclosed:- Small Savings Schemes Interest Rate for the 2nd Qtr of FY 2021-22 from 01.07.2021 to 30.09.2021 – Remain unchanged.

Source: Click Here To View The PDF

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