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 Rule, 2018, the rates of interest on
various Small Savings Schemes for the first quarter of financial year 2021-22 starting from I. April,
2021 and ending on 30. 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 |
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 |
6.2 (will
mature |
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
Copy to :
I. Finance Secretary, Ministry of Finance. Department of Financial
Services, leevan Deep Building, New Delhi.
- 2. Secretary. Department of Expenditure, North Block. New
Delhi.
- 3. Secretary, Department of Economic Affairs & Revenue,
North Block, New Delhi.
- 4. Secretary, Department of Posts, Dak Bhawan, New Delhi
- 5. Chief
General Manager, Department of Govt. & Bank Account, Reserve Bank of India.
Central Office, Mumbai
- 6. Chief Secretaries of State/UT Governments.
- 7. Joint Director, National Savings Institute, New Delhi.