F.No.01/0412016-NS
Subject: Revision of interest rates for Small Savings Schemes.
The undersigned is directed to refer to this Department’s OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned.
Instructions | Rate of interest w.e.f. 01.10.2018 to 31.12.2018 | Rate of interest w.e.f. 01.01.2019 to 31.03.2019 | Compounding Frequency* |
Saving Deposit | 4.0 | 4.0 | Annually |
1 Year Time Deposit | 6.9 | 7.0 | Quarterly |
2 Year Time Deposit | 7.0 | Quarterly | |
3 Year Time Deposit | 7.2 | Quarterly | |
5 Year Time Deposit | 7.8 | 7.8 | Quarterly |
5 Year Recurring Deposit | 7.3 | 7.3 | Quarterly |
5 Year Senior Citizen Savings Scheme | 8.7 | 8.7 | Quarterly and Paid |
5 Year Monthly Income Account | 7.7 | 7.7 | Monthly and paid |
5 Year National Savings Certificate | 8.0 | 8.0 | Annually |
Publilc Provident Fund Scheme | 8.0 | 8.0 | Annually |
Kisan Vikas Patra | 7.7 (will mature in 112 months) | 7.7 (will mature in 112 months) | Annually |
Sukanya Samriddhi Account Scheme | 8.5 | 8.5 | Annually |
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