HomeCGESmall Savings Schemes Interest Rates from April 2021 - June 2021

Small Savings Schemes Interest Rates from April 2021 – June 2021

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Small Savings Schemes Interest Rates from April 2021 – June 2021 – Ministry of Finance Order – F.No.1/4/2019-NS – Dated 31.03.2021

Just in : Government withdraws Small Savings Schemes Interest Rates from April 2021 – June 2021 Order

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
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*No change.

2. This has the approval of competent authority.

S/d,
(Rajesh Panwar)
Deputy Director (NS)

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