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
CAclubindia
Guest
Notification No : F.No.1/4/2019-NSPublished in Community & General
Source : https://dea.gov.in/sites/default/files/RoI%20Quarter%201_0.pdf