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Interest Rates of Small Savings Schemes Kept Unchanged, Check Current Rates Here


In response to the current coronavirus epidemic, the Centre has left interest rates for small savings schemes, such as NSC, SCSS, KVP, PPF and so on unaltered for the second quarter of 2021-22. The small savings interest rates for the quarter ending September 30, 2021 are the same as they were kept at the quarter ending April to June 2021. Amid a low-interest rate regime, no adjustment in the interest rate on post office small savings schemes will be definitely beneficial for risk-averse investors, especially senior citizens.


Interest Rates of Small Savings Schemes Kept Unchanged, Check Current Rates Here

Although it is well known that until maturity the interest rate for National Savings Certificate, Kisan Vikas Patra, Post Office Time Deposits, and Senior Citizens Savings Scheme (SCSS) stays constant. Whereas the interest rate of the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are subjected to the adjustment made by the government on a quarterly basis. Small savings schemes will maintain the same flow to provide higher rates to investors than other secure debt instruments options such as bank fixed deposits (FDs). For example, the PPF will yield 7.10 per cent, the NSC would earn 6.8%, and the Post Office Monthly Income Scheme Account will yield 6.6 per cent.

The interest rate on the Senior Citizen Savings Scheme is 7.4 per cent per year. The rate of interest on a one-year time deposit is 5.5 per cent, while the rate on a five-year time deposit is 6.7 per cent each year. While the Sukanya Samriddhi Yojana account for girl children would continue to provide 7.6 per cent. The rate of interest on savings accounts will remain at 4% per year.

Small Savings Schemes Interest Rates

Small Savings SchemesROI in % for the quarter ending September 30, 2021Compounding frequency
Post Office Savings Account4Yearly
Time Deposit (1 Year)5.5Quarterly
Time Deposit (2 Year)5.5Quarterly
Time Deposit (3 Year)5.5Quarterly
Time Deposit (5 Year)6.7Quarterly
Post Office Recurring Deposit (5 Year)5.8Quarterly
Senior Citizens Savings Scheme (5 Year)7.4Quarterly
Post Office Monthly Income Scheme6.6Monthly
5-year National Savings Certificate6.8Yearly
Public Provident Fund7.1Yearly
Kisan Vikas Patra (124 months)6.9Yearly
Sukanya Samriddhi Yojana7.6Yearly

Read more about: small savings schemes
Story first published: Thursday, July 1, 2021, 9:03 [IST]
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