Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.04.2021 – SB Order No. 07/2021

Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.04.2021 – SB Order No. 07/2021

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.
InstrumentsRate 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 Account4.04.0Annually
02.1 Year Time Deposit5.55.5Quarterly
03.2 Year Time Deposit5.55.5Quarterly
04.3 Year Time Deposit5.55.5Quarterly
05.5 Year Time Deposit6.76.7Quarterly
06.5 Year Recurring Deposit Scheme5.85.8Quarterly
07.Senior Citizen Savings Scheme7.47.4Quarterly and Paid
08.Monthly Income Account6.66.6Monthly and paid
09.National Savings Certificate (VIIIth Issue)6.86.8Annually
10.Public Provident Fund Scheme7.17.1Annually
11.Kisan Vikas Patra6.9 (will mature in 124 months)6.9 (will mature in 124 months)Annually
12.Sukanya Samriddhi Account Scheme7.67.6Annually

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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:-

  1. PPS to Secretary (Posts)
  2. PS to Director General Postal Services.
  3. PPS/ PS to DG (Co-ordination)/Member (Banking)/ Member (0)/ Member (P)/ Member (Planning & HRD)/ Member (PLI)/ Member (Tech)/AS & FA
  4. Director General, APS, New Delhi
  5. Chief General Manager, BD Directorate / Parcel Directorate / PLI Directorate
  6. Deputy Director General (Vigilance) & CVO) / Sr. Deputy Director General (PAF)
  7. Director, RAKNPA / GM, CEPT I Directors of all PTCs
  8. Director General P & T (Audit), Civil Lines, New Delhi
  9. Secretary, Postal Services Board/ All Deputy Directors General
  10. All General Managers (Finance) / Directors Postal Accounts / DDAP
  11. Chief Engineer (Civil), Postal Directorate
  12. All Sections of Postal Directorate
  13. All recognized Federations / Unions/Associations
  14. GM, CEPT for uploading the order on the India Post website
  15. MOF (DEA), NS-II, North Block, New Delhi.
  16. Joint Director & HOD, ICCW Building, 4 Deendayal Upadhyay Marg, New Delhi-110002
  17. Guard File
  18. Spare copies

revision-of-interest-rates-for-national-small-savings-schemes-w-e-f-01-04-2021

Source: Deptt. of Posts

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