Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2024: Department of Posts

Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2024: Department of Posts Order SB Order No. 01/ 2024 dated 21.03.2024

SB Order No. 01/ 2024

No. 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(F.S. Division)

Dak Bhawan, New Delhi – 110001
Dated: 21.03.2024

To
All Heads of Circles / Regions

Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2024.

Madam/Sir,

The undersigned is directed to say that, vide memorandum No. 1/4/2019-NS dated 08.03.2024 (copy enclosed), Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rates of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2024-25 (starting from 1st April, 2024 and ending on 30th June, 2024) shall remain unchanged from those notified for the fourth quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24.

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.

Encl: As above. .

(Devender Kumar Sharma)
Asst. Director (SB-II)

Copy to:
1. Sr. PPS to Secretary (Posts)
2. PS to Director General Postal Services.
3. PPS/PS to Addl. DG (Co-ordination)/Member (Banking)/ Member (O)/ Member(P) /Member (Planning & HRD)/Member (PLI)/Member (Tech)/AS & FA
4. Addl. Director General, APS, New Delhi
5. Chief General Manager, BD Directorate / Parcel Directorate / PLI Directorate

Source: Department of Posts