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		<title>DoP &#8211; Revision of interest rates for National Small Savings Schemes w.e.f. Jan 01st 2021</title>
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					<description><![CDATA[<p>Revision of interest rates for National Small Savings Schemes w.e.f. 01.01.2021 SB Order No. 38/2020 e.F.No 113-03/2017-SB(Pt.1)Govt. of IndiaMinistry of CommunicationsDepartment of Posts(FS Division) Dak Bhawan, New Delhi-110001Dated: 31.12.2020 To, All Head of Circles/Regions Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021 Sir/Madam, The undersigned is directed to say that vide [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/dop-revision-of-interest-rates-for-national-small-savings-schemes-w-e-f-jan-01st-2021/">DoP &#8211; Revision of interest rates for National Small Savings Schemes w.e.f. Jan 01st 2021</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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<p><strong>Revision of interest rates for National Small Savings Schemes w.e.f. 01.01.2021</strong></p>



<figure class="wp-block-image size-large"><a href="https://centralgovernmentnews.com/wp-content/uploads/2021/01/DoP-Revision-of-interest-rates-for-National-Savings-Schemes-Jan-01-2021.jpg"><img fetchpriority="high" decoding="async" width="588" height="545" src="https://centralgovernmentnews.com/wp-content/uploads/2021/01/DoP-Revision-of-interest-rates-for-National-Savings-Schemes-Jan-01-2021.jpg" alt="DoP - Revision of interest rates for National Small Savings Schemes Jan 01 2021" class="wp-image-29053" srcset="https://centralgovernmentnews.com/wp-content/uploads/2021/01/DoP-Revision-of-interest-rates-for-National-Savings-Schemes-Jan-01-2021.jpg 588w, https://centralgovernmentnews.com/wp-content/uploads/2021/01/DoP-Revision-of-interest-rates-for-National-Savings-Schemes-Jan-01-2021-300x278.jpg 300w" sizes="(max-width: 588px) 100vw, 588px" /></a><figcaption>Interest Rates for National Small Savings Schemes 2021</figcaption></figure>



<p><strong>SB Order No. 38/2020</strong></p>



<p class="has-text-align-center"><strong>e.F.No 113-03/2017-SB(Pt.1)</strong><br /><strong>Govt. of India</strong><br /><strong>Ministry of Communications</strong><br /><strong>Department of Posts</strong><br /><strong>(FS Division)</strong></p>



<p class="has-text-align-right"><strong>Dak Bhawan, New Delhi-110001</strong><br /><strong>Dated: 31.12.2020</strong></p>



<p>To,</p>



<p>All Head of Circles/Regions</p>



<h3 class="wp-block-heading"><strong>Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021</strong></h3>



<p>Sir/Madam,</p>



<p>The undersigned is directed to say that vide memorandum No. 1/4/2019-NS dated 30.12.2020 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) have informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31st March, 2021) shall remain unchanged from those notified for the third quarter of Financial Year 2020-21 (01st October, 2020 to 31st December, 2020). The details are indicated below for ready reference: </p>



<figure class="wp-block-table is-style-stripes"><table><tbody><tr><td><strong>SI. No.</strong></td><td><strong>Instruments</strong></td><td><strong>Rate of interest w.e.f. 01.10.2020 to 31.12.2020</strong></td><td><strong>Rate of interest w.e.f 01.01.2021 to 31.03.2021 (Unchanged)</strong></td><td><strong>Compounding Frequency*</strong></td></tr><tr><td>0 I.</td><td>Post Office Savings Account</td><td>4 .0</td><td>4.0</td><td>Annually</td></tr><tr><td>02.</td><td>I Year Time Deposit</td><td>5.5</td><td>5.5</td><td>Quarterly</td></tr><tr><td>03.</td><td>2 Year Time Deposit</td><td>5.5</td><td>5.5</td><td>Quarterly</td></tr><tr><td>04.</td><td>3 Year Time Deposit</td><td>5.5</td><td>5.5</td><td>Quarterly</td></tr><tr><td>05.</td><td>5 Year Time Deposit</td><td>6.7</td><td>6.7</td><td>Quarterly</td></tr><tr><td>06.</td><td>5 Year Recurring Deposit Scheme</td><td>5.8</td><td>5.8</td><td>Quarterly</td></tr><tr><td>07.</td><td>Senior Citizen Savings Scheme</td><td>7.4</td><td>7.4</td><td>Quarterly and Paid</td></tr><tr><td>08.</td><td>Monthly Income Account</td><td>6.6</td><td>6.6</td><td>Monthly and&nbsp;paid</td></tr><tr><td>09.</td><td>National Savings Certificate (VIIIth Issue)</td><td>6.8</td><td>6.8</td><td>Annually</td></tr><tr><td>10.</td><td>Public Provident Fund&nbsp;Scheme</td><td>7.1</td><td>7.1</td><td>Annually</td></tr><tr><td>11.</td><td>Kisan Vikas Patra</td><td>6.9<br />(will mature in 124 months)</td><td>6.9<br />(will mature in 124 months)</td><td>Annually</td></tr><tr><td>12.</td><td>Sukanya Samriddhi Account Scheme</td><td>7.6</td><td>7.6</td><td>Annually</td></tr></tbody></table><figcaption>Interest Rates for National Small Savings Schemes 2021</figcaption></figure>



<p>2. It is requested to circulate it to all concerned for information and necessary guidance. Same may also be placed on the notice board of all Post Offices in public area.</p>



<p>3. This issues with the approval of Competent Authority.</p>



<p>Yours Faithfully,</p>



<p class="has-text-align-right">(Devendra Sharma)<br />Assistant Director (SB-II)</p>



<p>Copy to:-<br />1. Sr. PPS to Secretary (Posts)<br />2. PS to Director General Postal Services.</p>



<p>Source: <a href="https://dea.gov.in/" target="_blank" rel="noreferrer noopener">dea.gov.in</a></p>
<p>The post <a href="https://centralgovernmentnews.com/dop-revision-of-interest-rates-for-national-small-savings-schemes-w-e-f-jan-01st-2021/">DoP &#8211; Revision of interest rates for National Small Savings Schemes w.e.f. Jan 01st 2021</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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