Small Savings Scheme Rate Slashed For April-June Qtr: Know The Revised Rates

For the quarter beginning tomorrow, finance ministry has announced rate on small savings scheme. Here are the new rates for the different small savings schemes:

Small Savings Scheme Rate Slashed For April-June Qtr: Know The Revised Rates

Small Saving Scheme	Previous rates	New rate for April-June quarter of FY22
Savings account	4%	3.5%
1-year time deposit	5.5%	4.4%
2-year time deposit	5.5%	5%
3-year time deposit	5.5%	5.1%
5-year time deposit	6.7%	5.8%
5-year RD	5.8%	5.3%
Senior citizen savings scheme	7.4%	6.5%
PPF	7.1%	6.4%
Kisan Vikas Patra	6.9%	6.2%
Sukanya Samriddhi Account	7.6%	6.9%

The rates are brought to match with the overall interest rate scenario in the broader financial system.

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