SB Order No 07/2021 Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.04.2021 | SB Orders 2021 - Postalstudy | Post Office Blog | Materials for | Exams
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SB Order No 07/2021 Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.04.2021 | SB Orders 2021


The undersigned is directed to say that vide memorandum No. 1/4/2019-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 1" April, 2021 and ending on 30" June, 2021) shall remain unchanged from those notified for the fourth quarter of Financial Year 2020-21 (01“ January, 2021 to 31" 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

(VIIlth 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

 







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