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SB Order: Revision of interest rates for Small Savings Schemes

January 5, 2019 GEDWEBZIP


SB Order: Revision of interest rates for Small Savings Schemes

SB Order No. 14/2018

F.No 113-03/2017-SB
Govt. of India
Ministry of Communication
Department of Posts
(F.S. Division)

Dak Bhawan, New Delhi-110001
Dated: 31.12.2018

To,
All Head of Circles/Regions
Addl. Director General, APS, New Delhi

Subject :- Revision of interest rates for Small Savings Schemes.

Sir/Madam,

The undersigned is directed to say that vide memorandum No. 01104/2016-NS dated 31.12 2018 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has revised interest rates of small savings schemes for the fourth quarter of the financial year 2018-19 starting 1st January ,2019 and ending on 31st March, 2019 on the basis of interest compounding/payment built-in in the schemes, as under:-

SI. No. instruments Rate of interest Rate of interest Compounding Frequency*
w.e.f.01.10.2018 to 31.12.2018 w.e.f 01.01.2019 to 31.03.2019
1 Savings Deposit 4 4 Annually
2 1 Year Time Deposit 6.9 7 Quarterly
3 2 Year Time Deposit 7 7 Quarterly
4 3 Year Time Deposit 7.2 7 Quarterly
5 5 Year Time Deposit 7.8 7.8 Quarterly
6 5YearRecurring Deposit 7.3 7.3 Quarterly
7 5 Year Senior Citizen
Account Scheme
8.7 8.7 Quarterly and Paid
8 5 Year Monthly Income
Account
7.7 7.7 Monthly and paid
9 5 Year National Savings
Certificate
8 8 Annually
10 Public Provident Fund
Scheme
8 8 Annually
11 Kisan Vikas Patra 7.7 (will mature
in 112 months)
7.7 (will mature in 112 months) Annually
12 Sukanya Samriddhi Account Scheme 8.5 8.5 Annually

3. It is requested to circulate these changes to all concered for information and necessary guidance. Same may also be placed on the notice board of all Post Offices in Public area. The necessary calculation tables will be supplied in due course.

4. This issue with the approval of Competent Authority.

Yours Faithfully,
(Devendra Sharma)
Assistant Director (SB-II)

Signed Copy

Related posts:

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  2. Revision of interest rates for Small Savings Schemes.
  3. Revision of interest rates for Small Savings Schemes 1st April, to 30th June, 2020
  4. Regarding interest rates for Small Savings Schemes
  5. Revision of interest rates for Small Savings Schemes 2016-17
  6. SB Order No.33/2020 : Revision of interest rates for NSS Schemes w.e.f. 01.10.2020
  7. SB Order 24/2020 : Interest rates for Small Savings Schemes w.e.f. 01.07.2020
  8. Revision of Interest Rates for Small Savings Schemes With Effect from 1ST APRIL,2013
  9. Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17
  10. Revision of interest rates for Small Savings Schemes
  11. Revision of interest rates for Small Savings Schemes from 1st October to 31 December
  12. Revision of interest rates for Small Savings Schemes,01.01.2018 to 31.04.2018
  13. Revision of interest rates for Small Savings Schemes
  14. Revision of Interest rates for small savings Schemes
  15. Revision of interest rates for Small Savings Schemes
  16. The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017-18 to bring them somewhat closer to market rates
  17. Revision of interest rates for Small Savings Schemes-finmin
  18.  Revision of interest rates for Small Savings Scheme w.e.f. 01.01.2020
  19. Revision of Interest rates for small savings schemes
  20. Regarding reduction of interest rate of Small Savings Schemes

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