Home CGE Small Savings Schemes Interest Rates from July 1st to September 30, 2019

Small Savings Schemes Interest Rates from July 1st to September 30, 2019

- Advertisement -

Small Savings Schemes Interest Rates from July 1st to September 30, 2019

F.No.01/04/2016-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 28.06.2019

Subject: Revision of interest rates for Small Savings Schemes.

The undersigned is directed to refer to this Department’s OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned.

2. On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2019-20 starting 1st July, 2019, and ending on 30th September, 2019, on the basis of the interest compounding / payment built-in in the schemes, shall be as under:

Instrument Rate of interest w.r.t. 01.04.2019 to 30.06.2019 Rate of interest w.r.t. 01.07.2019 to 30.09.2019 Compounding frequency*
Savings Deposit 4.0 4.0 Annually
l Year Time Deposit 7.0 6.9 Quarterly
2 Year Time Deposit Quarterly
3 Year Time Deposit Quarterly
5 Year Time Deposit 7.8 7.7 Quarterly
5 Year Recurring Deposit 7.3 7.2 Quarterly
5 Year Senior Citizen Savings Scheme 8.7 8.6 Quarterly and paid
5 Year Monthly Income Account 7.7 7.6 Monthly and paid
5 Year National Savings Certificate 8.0 7.9 Annually
Public Provident Fund Scheme 8.0 7.9 Annually
Kisan Vikas Patra 7.7 (will mature in 112 months) 7.6 (will mature in 113 months) Annually
Sukanya Samriddhi Account Scheme 8.5 8.4 Annually
- Advertisement -

* No Change

3. This has the approval of Finance Minister.

(Akhilesh Kumar Mishra)
Director

Signed Copy

- Advertisement -

Subscribe to our newsletter

To be updated with all the latest news, Government Orders, and special announcements. Once subscribed click activate link from your inbox.

Follow Us

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest