Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021

Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021: Department of Posts Order dated 01.07.2021

SB Order No 17/2021

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

Dak Bhawan, New Delhi-110001
Dated: 01.07.2021

All Head of Circles/Regions

Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021

Sir/Madam

The undersigned is directed to say that vide O.M. no.1/4/2019-NS dated 30.06.2021 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that, the rate of interest on various National(Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on 30th September, 2021 shall remain unchanged from the current interest rates applicable for the first quarter (1st April, 2021 to 30th June,2021).

The details of interest rates are indicated below for ready reference: –

SL No. National Savings Scheme Rate of interest w.e.f.01.04.2021 to 30.06.2021 (%) Rate of interest w.e.f 01.07.2021 to 30.09.2021 (%) (unchanged ) Compounding Frequency *
01. Post Office Savings Account 4.0 4.0 Annually
02. 1 Year Time Deposit 5.5 5.5 Quarterly
03. 2 Year Time Deposit 5.5 5.5 Quarterly
04. 3 Year Time Deposit 5.5 5.5 Quarterly
05. 5 Year Time Deposit 6.7 6.7 Quarterly
06. 5 Year Recurring Deposit Scheme 5.8 5.8 Quarterly
07. Senior Citizen Savings Scheme 7.4 7.4 Quarterly and Paid
08. Monthly Income Account 6.6 6.6 Monthly and paid
09. National Savings Certificate (VIII Issue) 6.8 6.8 Annually
10. Public Provident Fund Scheme 7.1 7.1 Annually
11. Kisan Vikas Patra 6.9 (will mature in 124 months) 6.9 (will mature in 124 months) Annually
12. Sukanya Samriddhi Account Scheme 7.6 7.6 Annually

 

3. It is requested to circulate it to all concerned for information and necessary guidance It may also be placed on the notice board of all Post Offices in public area.

4. This issues with the approval of Competent Authority.

Yours Faithfully,

Sd/-
(Devendra Sharma)
Assistant Director (SB-II)

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