06 Jan, 2021 7:14p.m.

Small Savings Schemes interest rates w.e.f. January 01, 2021


e.F.No 113-03/2017-SB(Pt.1)
Govt. of India
Ministry of Communications
Department of Posts
(FS Division)

Dak Bhawan, New Delhi-110001
Dated: 31.12.2020


All Head of Circles/Regions

Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021


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 the 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: –

No. Instruments Rate of interest w.e.f. 01.10.2020 to 31.12.2020 Rate of interest w.e.f 01.01.2021 to 31.03.2021 (Unchanged) Compounding Frequency*
0 I. Post Office Savings Account 4 .0 4.0 Annually
02. I Year Time Deposit 5.5 5.5 Quarterly
03. 2 Year Time Deposit 5.5 5.5 Quarterly
04. 3 Year Time Deposit 5.5 5.5 Quarterly
05. 5 Year Time Deposit 6.7 6.7 Quarterly
06. 5 Year Recurring Deposit Scheme 5.8 5.8 Quarterly
07. Senior Citizen Savings Scheme 7.4 7.4 Quarterly and Paid
08. Monthly Income Account 6.6 6.6 Monthly and paid
09. National Savings Certificate (VIIIth Issue) 6.8 6.8 Annually
10. Public Provident Fund Scheme 7.1 7.1 Annually
11. Kisan Vikas Patra 6.9
(will mature in 124 months)
(will mature in 124 months)
12. Sukanya Samriddhi Account Scheme 7.6 7.6 Annually


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.

3. This issues with the approval of Competent Authority.

Yours Faithfully,

(Devendra Sharma)
Assistant Director (SB-II)

Enclosure: Interest rates for Small Savings Schemes 4th quarter of 2020-21 from 1st Jan, 2021 to 31st Mar 2021

Copy to:-

1. Sr. PPS to Secretary (Posts)

2. PS to Director General Postal Services.

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