Revised interest rates for Small Savings Schemes
Revised interest rates for Small Savings Schemes for the second quarter of financial year 2020-21 starting from 1st July 2020 to 30th September 2020
F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
{Budget Division}
North Block, New Delhi
Dated : 30.06.2020
OFFICE MEMORANDUM
Subject : Revision of interest rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the second quarter of financial year 2020-21 starting from 1st July, 2020 and ending on 30th September, 2020 shall remain unchanged from those notified for the first quarter (1st April, 2020 to 30th April 2020 of financial year 2020-21.
2 This issues with the approval of competent authority
(Rajesh Panwar)
Dy. Director (NS)
Interest rates for Small Savings Schemes from July 2020 to September 2020
| Instruments | Rate of interest from 01.04.2020 to 30.06.2020 | Rate of interest from 01.07.2020 to 30.09.2020 |
Compounding frequency* |
|---|---|---|---|
| Savings Deposit | 4.0 | 4.0 | Annually |
| 1 Year Time Deposit | 5.5 | 5.5 | Quarterly |
| 2 Year Time Deposit | 5.5 | 5.5 | Quarterly |
| 3 Year Time Deposit | 5.5 | 5.5 | Quarterly |
| 5 Year Time Deposit | 6.7 | 6.7 | Quarterly |
| 5 Year Recurring Deposit | 5.8 | 5.8 | Quarterly |
| Senior Citizen Savings Scheme | 7.4 | 7.4 | Quarterly and paid |
| Monthly Income Account | 6.6 | 6.6 | Monthly and paid |
| National Savings Certificate | 6.8 | 6.8 | Annually |
| Public Provident Fund Scheme | 6.8 | 6.8 | Annually |
| Kisan Vikas Patra | 6.9 (will mature in 124 months) | 6.9 (will mature in 124 months) | Annually |
| Sukanya Samriddhi Account Scheme | 7.6 | 7.6 | Annually |
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Also check the following links related to this topic:
Revision of interest rates for Small Savings Schemes
Interest rates for Various Small Savings Schemes w.e.f. 01.01.2020
Revision of interest rates for Small Savings Schemes
Interest rates for Small Savings Schemes from 01.07.2019 to 30.09.2019
Interest Rates for Small Savings Schemes from April to June 2019