Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021: SB Order No 17/2021

 SB Order No 17/2021

F.No 113-03/2017-SB (Pt.l)

Govt. of India

Ministry of Communications

Department of Posts (F.S. Division)

Dak Bhawan, New Delhi-110001

Dated: 01.07.2021

To,

All Head of Circles/Regions

Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021

Sir/Madam,

                 The undersigned is directed to say that vide O.M. no.1/4/2019-NS dated 30.06.2021 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rate of interest on various National(Small) Savings Schemes for the second quarter of the financial year 2021-22 starting from 1st July 2021 and ending on 30th September 2021 shall remain unchanged from the current interest rates applicable for the first quarter (1st April 2021 to 30th June 2021).

SL No.	National Savings Scheme	Rate of interest w.e.f.01.04.2021 to 30.06.2021 (%)	Rate of interest w.e.f 01.07.2021 to 30.09.2021 (%) (unchanged)	Compounding Frequency *
01.	Post Office SavingsAccount	4.0	4.0	Annually
02.	1 Year Time Deposit	5.5	5.5	Quarterly
03.	2 Year Time Deposit	5.5	5.5	Quarterly
04.	3 Year Time Deposit	5.5	5.5	Quarterly
05.	5 Year Time Deposit	6.7	6.7	Quarterly
06.	5 Year Recurring Deposit Scheme	5.8	5.8	Quarterly
07.	Senior Citizen Savings Scheme	7.4	7.4	Quarterly and Paid
08.	Monthly Income Account	6.6	6.6	Monthly and paid
09.	National Savings Certificate (VIII Issue)	6.8	6.8	Annually
10.	Public Provident Fund Scheme	7.1	7.1	Annually
11.	Kisan Vikas Patra	6.9 (will mature in 124 months)	6.9 (will mature in 124 months)	Annually
12.	Sukanya Samriddhi Account Scheme	7.6	7.6	Annually

3. It is requested to circulate it to all concerned for information and necessary guidance It may also be placed on the notice board of all Post Offices in a public area.

4. This issues with the approval of Competent Authority.

Yours Faithfully,

Sd/-

(Devendra Sharma)

Assistant Director (SB-II)

Enclosed:- Small Savings Schemes Interest Rate for the 2nd Qtr of FY 2021-22 from 01.07.2021 to 30.09.2021 – Remain unchanged.

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Revision of interest rates for National (small) Savings Schemes w.e.f . 01.07.2021

 Click Here : Revision of interest rates for National (small) Savings Schemes w.e.f . 01.07.2021

POSB - Scheme and Interest Rates from 01.01.2018 to 31.03.2018

POSB - Scheme and Interest Rates from 01.01.2018 to 31.03.2018

Post Office Interest Rate for the period 01.07.2017 to 30.09.2017

Government of India, Postal Department Interest rate for the period 01.07.2017 to 30.09.2017

Post office investment Schemes	Rate of Interest in %	Minimum/Maximum Deposit Amount in Rs.	Returns inRs. (Approximately)	Remarks
SB Account (SB)	4%	MinRs50 Maxunlimited	No maturity period.Every year Interest willbe paid as per theirsavings.	ATM facility available.Can withdraw from bankATM too. No servicecharge for PO ATMwithdrawal. Free SMSservice.
RD Account (RD)5Years	7.1%Compound Interest	Monthly MinRs.10 Maximum No Limit	For MonthlyRs.1000investment Maturity amountis Rs.72125	Monthly Recurring Deposit. After 3 yearsPremature closure isallowed.
Monthly IncomeScheme (MIS)5 Years	7.5%	Minimum Multiples of Rs.1500/- Maximum Rs.4.5 lakh for single Rs.9 lakhsfor joint	For Rs.100500/- Monthly interest Rs.628	Monthly interest can be withdrawn. After 2/3 yearspremature closure isallowed with 2%/1%deduction.
1 Year TimeDeposit (1yearTD)	6.8% (quarterly compound)	Minimum Multiples of Rs.200/Maximum Nolimit	For Rs.10000investment Maturityamount Rs.10698	1 year Fixed deposit.Can be closedprematurely after 6 months with SB rate ofinterest
2 YearsTimeDeposit (2Years TD)	6.9% (quarterly compound)	Minimum Multiples of Rs.200/ Maximum Nolimit	For Rs.10000investment Maturityamount Rs.11416	2 years Fixed deposit.Can be closedprematurely after 6 months with SB interest
3 YearsTimeDeposit (3Years TD)	7.1% (quarterly compound)	Minimum Multiples of Rs.200/Maximum Nolimit	For Rs.10000investment Maturityamount Rs.12187	3 years Fixed deposit.Can be closedprematurely after 6 months with SB interest
5 YearsTimeDeposit (5Years TD)	7.6% (quarterly compound)	Minimum Multiples of Rs.200/Maximum Nolimit	For Rs.10000investment Maturityamount Rs.13910	5 years Fixed deposit.Can be closedprematurely after 6 months with SB interest.Can claim IT exemptionunder 80C
SeniorCitizenScheme (5 years)	8.3%	Multiples ofRs.1000/- Maximum Rs.15lakhs	For Rs.1lakh Rs.2075 interest forevery 3 months	For retiredGovt/defence/ public sector employees and above 60 years age citizens. Investment can be claimed under80c
SukanyaSamridhi Account (21 years) For girlchildbelow 10 years age	8.3%	MinimumRs.1000/- Deposit Multiplesof Rs.100.Maximum Rs.1.5lakhs for the F.Y	If monthly contributionis Rs1000/ for 14 yearstotal contribution is168000/- Maturityvalue would be approximatelyRs562355) for 8.3%interest after 21 yearsperiod.	Depositing period 14years. Maturity 21years or else aftermarriage. Can withdraw 50% amount after 18 yearsof girl child for herstudies. New scheme launchedby the Govt of India, to thewelfare of girl children.Can claim ITexemption under 80c
PPF Period15 years	7.8%	MinimumRs.500/- Deposit Multiples of Rs.100.Maximum Rs.1.5lakhs for the F.Y	If monthly contributionis Rs1000/ for 15 yearstotal contribution is180000/- Maturityamount is Rs334352(approximately) for 7.8% interest	For Savings andIncome tax concessionpurpose
Kisan Vikas Patra (KVP) 100 months	7.5%Doublesin 9 years 7months	Multiples ofRs.1000/ Maximum Nolimit	For 1lakhinvestment, maturity Rs.2 Lakhs	Investment will bedoubled in 115 months
NationalSavingsCertificate (NSC) 5 years	7.8% (quarterly compoundinterest)	MinimumRs.100/ MaximumNo limit	For Rs.10000 Maturity amountRs.14558	For Income taxconcessionpurpose
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