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Revision of interest rates for Small Savings Schemes 1st April, to 30th June, 2020

April 2, 2020 GEDWEBZIP

Revision of interest rates for Small Savings Schemes for first quarter of financial year 2020-21

F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 31.03.2020

OFFICE MEMORANDUM

Subject: Revision of interest rates for Small Savings Schemes – reg.

In exercise of the powers conferred by Rule 9(1) of the Government Saving Promotion General Rules, 2018, the rates of interest on various Small Savings Schemes for the first quarter of financial year 2020-21 starting from 1st April, 2020 and ending on 30th June, 2020 have been revised as indicated below:

Instruments Rate of interest from
01.01.2020 to 31.03.2020
Rate of interest from
01.04.2020 to 30.06.2020
Compounding frequency*
Savings Deposit 4.0 4.0 Annually
1 Year Time Deposit 6.9 5.5 Quarterly
2 Year Time Deposit 6.9 5.5 Quarterly
3 Year Time Deposit 6.9 5.5 Quarterly
5 Year Time Deposit 7.7 6.7 Quarterly
5 Year Recurring Deposit 7.2 5.8 Quarterly
Senior Citizen Savings Scheme 8.6 7.4 Quarterly and paid
Monthly Income Account 7.6 6.6 Monthly and paid
National Savings Certificate 7.9 6.8 Annually
Public Provident Fund Scheme 7.9 7.1 Annually
Kisan Vikas Patra 7.6 (will mature in 113 months) 6.9 (will mature in 124 months) Annually
Sukanya Samriddhi Account Scheme 8.4 7.6 Annually

2. This has the approval of Finance Minister.

(Rajesh Panwar)
Dy.Director (Budget)

Signed Copy

Related posts:

  1. SB Order No.33/2020 : Revision of interest rates for NSS Schemes w.e.f. 01.10.2020
  2. Interest rates for National (Small) Savings Schemes – SB Order No. 38/2020
  3. SB Order 24/2020 : Interest rates for Small Savings Schemes w.e.f. 01.07.2020
  4. Revision of interest rates for Small Savings Schemes
  5. Interest rates for Small Savings Schemes – Finmin Order
  6. Revised Interest Rate Gazette Notification : National Savings (Monthly Income Account) Scheme, 2020
  7. Notification – Interest Rates On Special Deposit Schemes for Fy 2020-21
  8. Relaxation guidelines in small savings schemes(DOP) : SB Order 25/2020
  9. Relaxation provisions in Small Savings Schemes : MoF
  10. DOP : Relaxation provisions in National Savings Schemes
  11. PPF interest rate of 7.1% per annum with effect from 1st April 2020
  12. KVs – Due to corona virus outbreak, Union Bank portal for fee collection for Quarter 1 (April- June) will remain in abeyance till 30th April 2020
  13. State Railway PF – Rate of interest(7.1%) during 2020-21 (1st July – 30th Sept 2020)
  14. GPF & other funds interest at 7.1% from 1st July 2020 to 30th Sep 2020
  15. Freezing of DA to Employees of CPSEs IDA pay scale at current rates till 30th June, 2021
  16. Tables of Benefits for the savings fund for the period from 01.07.2020 to 30.09.2020
  17. Extension & guidelines of MIS/SCSS/NSC/KVP/PPF schemes in GDS Branch Post Offices – DOP

Filed Under: CGE LATEST NEWS, Recent govt orders April 2, 2020 Leave a Comment

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