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You are here: Home / Postal Department / DoP – Revision of interest rates for National Small Savings Schemes w.e.f. Jan 01st 2021

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DoP – Revision of interest rates for National Small Savings Schemes w.e.f. Jan 01st 2021

January 6, 2021 by admin Leave a Comment

Revision of interest rates for National Small Savings Schemes w.e.f. 01.01.2021

DoP - Revision of interest rates for National Small Savings Schemes Jan 01 2021
Interest Rates for National Small Savings Schemes 2021

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

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*
0 I.Post Office Savings Account4 .04.0Annually
02.I Year Time Deposit5.55.5Quarterly
03.2 Year Time Deposit5.55.5Quarterly
04.3 Year Time Deposit5.55.5Quarterly
05.5 Year Time Deposit6.76.7Quarterly
06.5 Year Recurring Deposit Scheme5.85.8Quarterly
07.Senior Citizen Savings Scheme7.47.4Quarterly and Paid
08.Monthly Income Account6.66.6Monthly and paid
09.National Savings Certificate (VIIIth Issue)6.86.8Annually
10.Public Provident Fund Scheme7.17.1Annually
11.Kisan Vikas Patra6.9
(will mature in 124 months)
6.9
(will mature in 124 months)
Annually
12.Sukanya Samriddhi Account Scheme7.67.6Annually
Interest Rates for National Small Savings Schemes 2021

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)

Copy to:-
1. Sr. PPS to Secretary (Posts)
2. PS to Director General Postal Services.

Source: dea.gov.in

Filed Under: Postal Department Tagged With: DoP, Interest Rates for National Savings Schemes 2021, National Savings Schemes, Post Office Savings Account, Postal Department, Small Savings Schemes

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