Revised interest rates for Small Savings Schemes for the second quarter of financial year 2020-21

Revised interest rates for Small Savings Schemes for the second quarter of financial year 2020-21 starting from 1st July 2020 to 30th September 2020

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

North Block, New Delhi
Dated : 30.06.2020

OFFICE MEMORANDUM

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

The rates of interest on various Small Savings Schemes for the second quarter of financial year 2020-21 starting from 1st July, 2020 and ending on 30th September, 2020 shall remain unchanged from those notified for the first quarter (1st April, 2020 to 30th April 2020 of financial year 2020-21.

2 This issues with the approval of competent authority

(Rajesh Panwar)
Dy. Director (NS)

Interest rates for Small Savings Schemes from July 2020 to September 2020

INSTRUMENTS RATE OF INTEREST FROM 01.04.2020 TO 30.06.2020 RATE OF INTEREST FROM 01.07.2020
TO 30.09.2020
COMPOUNDING FREQUENCY*
Savings Deposit 4.0 4.0 Annually
1 Year Time Deposit 5.5 5.5 Quarterly
2 Year Time Deposit 5.5 5.5 Quarterly
3 Year Time Deposit 5.5 5.5 Quarterly
4 Year Time Deposit 6.7 6.7 Quarterly
5 Year Time Deposit 5.8 5.8 Quarterly
Senior Citizen Savings Scheme 7.4 7.4 Quarterly and paid
Monthly Income Account 6.6 6.6 Monthly and paid
National Savings Certificate 6.8 6.8 Annually
Public Provident Fund Scheme 6.8 6.8 Annually
Kisan Vikas Patra 6.9 (will mature in 124 months) 6.9 (will mature in 124 months) Annually
Sukanya Samriddhi Account Scheme 7.6 7.6 Annually

 

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