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National Small Savings Schemes Interest Rates from Jan to March 2021 – SB Order No. 38/2020

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National Small Savings Schemes Interest Rates from Jan to March 2021 – SB Order No. 38/2020

SB Order No. 38/2020

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: 31.12.2020

To,

All Head of Circles/Regions

Subject : Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021

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Sir/Madam,

The undersigned is directed to say that vide memorandum No. 1/4/2019-NS dated 30.12.2020 (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 fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31st March, 2021) shall remain unchanged from those notified for the third quarter of Financial Year 2020-21 (01st October, 2020 to 31st December, 2020). The details are indicated below for ready reference : –

SI. No.InstrumentsRate of interest w.e.f. 01.10.2020 to 31.12.2020Rate of interest w.e.f 01.01.2021 to 31.03.2021 (Unchanged)Compounding Frequency*
1Post Office Savings Account4 .04 .0Annually
2I 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 (VIIIth 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-II)


Also Read :

Small Savings Schemes interest rates from January 2021 to March 2021

Dept of Posts SB Order : Relaxation guidelines in Small Savings Schemes

Relaxation provisions in Small Savings Schemes


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