Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.04.2021 – SB Order No. 07/2021
SB Order No. 07/2021
e.F.No. 113-03/2017-SB(Pt.1)
Govt. of India
Ministry of Communications
Department of Posts
(FS Division)
Dak Bhawan, New Delhi-110001
Dated: 01.04.2021
To,
All Head of Circles/Regions
Subject : Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.04.2021
Sir/Madam,
The undersigned is directed to say that vide memorandum No. 114/2019-NS dated 01.04.2021 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) have informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2021-22 (starting from 1st April, 2021 and ending on 30th June, 2021) shall remain unchanged from those notified for the fourth quarter of Financial Year 2020-21 (01st January, 2021 to 31st March, 2021). The details are indicated below for ready reference: –
| SI. No. |
Instruments | Rate of interest w.e.f. 01.01.2021 to 31.03.2021 |
Rate of interest w.e.f 01.04.2021 to 30.06.2021 (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 (VIIIth 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 |
2. It is requested to circulate it to all concerned for information and necessary 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.
Yours Faithfully,
Sd/-
(T.C. VIJAYAN)
Assistant Director (SB-I)
Copy to:-
- PPS to Secretary (Posts)
- PS to Director General Postal Services.
- PPS/ PS to DG (Co-ordination)/Member (Banking)/ Member (0)/ Member (P)/ Member (Planning & HRD)/ Member (PLI)/ Member (Tech)/AS & FA
- Director General, APS, New Delhi
- Chief General Manager, BD Directorate / Parcel Directorate / PLI Directorate
- Deputy Director General (Vigilance) & CVO) / Sr. Deputy Director General (PAF)
- Director, RAKNPA / GM, CEPT I Directors of all PTCs
- Director General P & T (Audit), Civil Lines, New Delhi
- Secretary, Postal Services Board/ All Deputy Directors General
- All General Managers (Finance) / Directors Postal Accounts / DDAP
- Chief Engineer (Civil), Postal Directorate
- All Sections of Postal Directorate
- All recognized Federations / Unions/Associations
- GM, CEPT for uploading the order on the India Post website
- MOF (DEA), NS-II, North Block, New Delhi.
- Joint Director & HOD, ICCW Building, 4 Deendayal Upadhyay Marg, New Delhi-110002
- Guard File
- Spare copies
Source: Deptt. of Posts
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