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:

Also check: Rate of interest on various National Small Savings Schemes with effect from 1st January 2020

2. This has the approval of Finance Minister.

(Rajesh Panwar)
Dy. Direétor (Budget)

The post Revision of interest rates for Small Savings Schemes appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

National Small Savings Schemes 2020 interest rate

SB Order No.01 /2020

F.No 113-03/ 2017-SB
Govt. of India Ministry of Communication
Department of Posts (F.S. Division)

Dak Bhawan, New Delhi-110001
Dated: 01.01.2020

To,

All Head of Circles/ Regions
Addi. Director General, APS, New Delhi

Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2020

Madam/Sir,

The undersigned is directed to say that vide memorandum No. 01/04/2019-NS dated 31.12.2019 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) have informed that the rate of interest on various National Small Savings Schemes for the fourth quarter of financial year 2019-20 ( starting from 1st January ,2020 and ending on 31st March, 2020) shall remain unchanged from those notified for the third quarter of Financial Year 2019-20 (01st October 2019 to 31st December, 2019). The details are indicated below for ready reference.

3. 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.The necessary calculation tables will be supplied in due course on receipt from the DEA/ MoF.

Also check the previous Rates of small savings schemes for the year 2017-18

4. This issues with the approval of Competent Authority.

Yours Faithfully,

(Devendra Sharma)
Assistant Director (SB)

The post Rate of interest on various National Small Savings Schemes with effect from 1st January 2020 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.