Small Savings Interest Rates

Small savings schemes' interest rates have been kept unchanged by the government for the sixth straight quarter.

Find out all you need to know about small saving schemes and the benefits of untampered interest rates

Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the second quarter

Government had reduced the interest on Small Savings Schemes with effect from April 1, 2021.

CP(M) General Secretary Sitaram Yechury on Thursday alleged that the Central government postponed the cuts on the interest rate on small savings schemes in view of ongoing Assembly elections in four states and one Union Territory.

Congress leader Priyanka Gandhi today asked Finance Minister Nirmala Sitharaman if the Centre's overnight flip-flop on small savings scheme interest rates was a case of "oversight" as claimed or one of election-driven "hindsight".

Steep cuts on interest rates on small savings schemes announced last evening were rolled back by the government today with Finance Minister Nirmala Sitharaman undoing what she called "orders issued by oversight".

Interest rates on small savings schemes, including National Savings Certificates or NSC and Public Provident Fund or PPF, received a huge cut of up to 1.1 per cent for the first quarter of 2021-22 in a massive blow to middle-class depositors.

Income tax benefits are available on Time Deposit (TD), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and National Savings Certificates (NSCs).

India Post, through its vast network of post offices across the country, offers a whole host of government's small savings scheme like Senior Citizen Savings Scheme, Monthly Income Account, Public Provident Fund (PPF) Scheme, Kisan Vikas Patra and Sukanya Samriddhi Yojana (SSY) Account Scheme among other saving schemes.

Post Office Accounts: Interest rates on government-run small savings schemes are revised from time to time

For the current quarter, which ends on December 31, these savings schemes provide interest rates to the tune of 4-7.6%

The government reviews interest rates applicable to small savings schemes on a quarterly basis

Of these schemes, the time deposit or term deposit scheme comes in four maturity options, ranging from one to five years.

Small Savings Schemes: There are currently nine government-run small saving schemes, including the Public Provident Fund (PPF) and the Senior Citizen Savings Scheme (SCSS).

Small savings schemes' interest rates have been kept unchanged by the government for the sixth straight quarter.

Find out all you need to know about small saving schemes and the benefits of untampered interest rates

Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the second quarter

Government had reduced the interest on Small Savings Schemes with effect from April 1, 2021.

CP(M) General Secretary Sitaram Yechury on Thursday alleged that the Central government postponed the cuts on the interest rate on small savings schemes in view of ongoing Assembly elections in four states and one Union Territory.

Congress leader Priyanka Gandhi today asked Finance Minister Nirmala Sitharaman if the Centre's overnight flip-flop on small savings scheme interest rates was a case of "oversight" as claimed or one of election-driven "hindsight".

Steep cuts on interest rates on small savings schemes announced last evening were rolled back by the government today with Finance Minister Nirmala Sitharaman undoing what she called "orders issued by oversight".

Interest rates on small savings schemes, including National Savings Certificates or NSC and Public Provident Fund or PPF, received a huge cut of up to 1.1 per cent for the first quarter of 2021-22 in a massive blow to middle-class depositors.

Income tax benefits are available on Time Deposit (TD), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and National Savings Certificates (NSCs).

India Post, through its vast network of post offices across the country, offers a whole host of government's small savings scheme like Senior Citizen Savings Scheme, Monthly Income Account, Public Provident Fund (PPF) Scheme, Kisan Vikas Patra and Sukanya Samriddhi Yojana (SSY) Account Scheme among other saving schemes.

Post Office Accounts: Interest rates on government-run small savings schemes are revised from time to time

For the current quarter, which ends on December 31, these savings schemes provide interest rates to the tune of 4-7.6%

The government reviews interest rates applicable to small savings schemes on a quarterly basis

Of these schemes, the time deposit or term deposit scheme comes in four maturity options, ranging from one to five years.

Small Savings Schemes: There are currently nine government-run small saving schemes, including the Public Provident Fund (PPF) and the Senior Citizen Savings Scheme (SCSS).