Government unchanged Interest rate for PPF, NSC, and other small savings schemes -Oct to Dec Quarter

Government unchanged Interest rate for PPF, NSC, and other small savings schemes -Oct to Dec Quarter. The government has kept unchanged the interest rates on small saving schemes for October to December quarter. These interest rates are fixed by the Ministry of Finance on a quarterly basis.

The post office small savings investments are National Savings Certificates (NSC), KVP, Time-deposits, Public Provident Fund (PPF), Senior Citizens Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY) etc.

Small Savings Scheme Interest Rates:

S.No Small Savings Scheme Interest Rate
1 Post Office Savings Account 4%
2 5-Year Post Office Recurring Deposit (RD) Account 5.80%
3 Post Office Time Deposit (TD) Account – One Year 5.50%
4 Post Office Time Deposit Account (TD) – Two Years 5.50%
5 Post Office Time Deposit Account (TD) – Three Years 5.50%
6 Post Office Time Deposit Account (TD) – Five Years 6.70%
7 Post Office Monthly Income Scheme Account (MIS) 6.60%
8 Senior Citizen Savings Scheme (SCSS) 7.40%
9 15-Year Public Provident Fund Account (PPF) 7.10%
10 National Savings Certificates (NSC) 6.80%
11 Kisan Vikas Patra (KVP) 6.90%
12 Sukanya Samriddhi Account 7.60%

About Ministry of Finance:

  • Union Minister: Nirmala Sitharaman
  • Minister of State: Anurag Singh Thakur

Related Questions:

1) What is the minimum maturity period of Senior Citizen Savings Scheme (SCSS) Account? – 5 years

2) What is the minimum deposit required under Sukanya Samriddhi Scheme Accounts in a financial year? – Rs,1000

3) What is the present interest rate in Public Provident Fund (PPF) Scheme? – 7.10%

4) What is the minimum deposit required under Senior Citizen Savings Scheme (SCSS) Account? – Rs, 1000

5) What is the maximum deposit allowed under Sukanya Samriddhi Scheme Accounts in a financial year? – Rs,1,50,000

6) Total credits in BSBDA accounts should not exceed how much a year? – Rs 1 lakh

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