Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021: SB Order No 17/2021
Revision of interest rates for National (Small) Savings Schemes w.e.f. 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 |
Also Read: Interest Rate on Small Savings Schemes for the 2nd Qtr of FY 2021-22 from 01.07.2021 to 30.09.2021 – Remain unchanged
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)
OFFICIAL WEBSITE: CLICK HERE