Central Government Small Savings Schemes Interest Rate from October 2018

Introduction of common/modified forms to be used in National Savings Schemes

Revised Interest rate for various Small Savings Schemes run by Central Government – Savings Deposit, PPF, Kisan Vikas Patra, Sukanya Samriddhi Account Scheme etc

Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi

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 third quarter of financial year 2018-19 starting 1st October, 2018, and ending on 31st December, 2018, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:


Savings Deposit 4.0 4.0 Annually
1 Year Time Deposit 6.6 6.9 Quarterly
2 Year Time Deposit 6.7 7.0 Quarterly
3 Year Time Deposit 6.9 7.2 Quarterly
5 Year Time Deposit 7.4 7.8 Quarterly
5 Year Recurring Deposit 6.9 7.3 Quarterly
5   Year Senior Citizen     Savings Scheme 8.3 8.7 Quarterly and paid
5 Year Monthly Income Account 7.3 7.7 Monthly and paid
5 Year National Savings Certificate 7.6 8.0 Annually
Public Provident Fund Scheme 7.6 8.0 Annually
Kisan Vikas Patra 7.3 (will mature in 118 months) 7.7 (will mature in 112 months) Annually
Sukanya Samriddhi Account Scheme 8.1 8.5 Annually

* No Change

3. This has the approval of Finance Minister.

(Padam Singh)
Sr.Regional Director(NS)
Tele: 01123095155

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