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Revision of Interest Rates for Small Savings Schemes for Q1 of 2021-22


 Notice Date : 31 March 2021

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:

Instruments Rates of
interest from
01.01.2021 to
31.03.2021
Rates of
interest from
01.04.2021 to
30.06.2021
Compounding
frequency*
Savings Deposit 4.0 3.5 Annually
1 Year Time Deposit 5.5 4.4 Quarterly
2 Year Time Deposit 5.5 5.0 Quarterly
3 Year Time Deposit 5.5 5.1 Quarterly
5 Year Time Deposit 6.7 5.8 Quarterly
5 Year Recurring Deposit 5.8 5.3 Quarterly
Senior Citizen Savings Schemes 7.4 6.5 Quarterly and paid
Monthly Income Account 6.6 5.7 Monthly and paid
National Savings Certificate 6.8 5.9 Annually
Public Provident Fund Scheme 7.1 6.4 Annually
Kisan Vikas Patra 6.9 (will
mature in 124
months)
6.2 (will mature in 138 months) Annually
Sukanya Samriddhi Account Scheme 7.6 6.9 Annually

*No change.

2. This has the approval of competent authority.

Rajesh Panwar
Deputy Director (NS)
Tele – 01123093170

 

Guest
on 01 April 2021
Notification No : F.No.1/4/2019-NS
Published in Others
Source : , https://dea.gov.in/sites/default/files/RoI%20Quarter%201_0.pdf










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