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

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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 SchemePrevious ratesNew rate for April-June quarter of FY22
Savings account4%3.5%
1-year time deposit5.5%4.4%
2-year time deposit5.5%5%
3-year time deposit5.5%5.1%
5-year time deposit6.7%5.8%
5-year RD5.8%5.3%
Senior citizen savings scheme7.4%6.5%
PPF7.1%6.4%
Kisan Vikas Patra6.9%6.2%
Sukanya Samriddhi Account7.6%6.9%

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

GoodReturns.in

Read more about: small savings scheme ppf kvp ssy
Story first published: Wednesday, March 31, 2021, 21:15 [IST]
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