The rates of interest on various Small Savings Schemes is now reduced

1

The rates of interest on various Small Savings Schemes for the first quarter of financial year 2021-22 starting from 1st April, 2021 has significantly reduced and notified by Government:






Instruments

Rate of interest from 01.01.2021 to 31.03.2021

Rate of interest from 01.04.2021 to 30.06.2021

Savings Deposit

4.0

3.5

1 Year Time Deposit

5.5

4.5

2 Year Time Deposit

5.5

5.0

3 Year Time Deposit

5.5

5.1

5 Year Time Deposit

6.7

5.8

5 Year Recurring Deposit

5.8

5.3

Senior Citizen Savings Scheme

7.4

6.5

Monthly Income Account

6.6

5.7

National Savings Certificate

6.8

5.9

Public Provident Fund Scheme

7.1

6.4

Kisan Vikas Patra

6.9 (will mature in 113 months)

6.2 (will mature in 124 months)

Sukanya Samriddhi Account Scheme

7.6

6.9



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This article is being furnished for informational purposes only. We make every effort to use reliable & comprehensive information, but we do not represent that the contents of the article are accurate or complete.

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