SB Order 27/2021 – Small Savings Schemes Interest rate from 01.10.2021
SB Order 27/2021 – Revision of Interest Rate for National (Small) Savings Schemes w.e.f. 01.10.21 F.No. 113-03/2017-SB(Pt.1) Dated 30.09.2021
SB Order 27/2021
F.No 113-03/2017-SB (Pt.l)
Govt. of India
Ministry of Communications
Department of Posts (F.S. Division)
Dak Bhawan, New Delhi-110001
Dated: 30.09.2021
All Head of Circles/Regions
Subject of SB order 27/2021 : Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.10.2021
Sir/Madam
The undersigned is directed to say that vide O.M. no. 1/4/2019-NS dated 30.09.2021 Govt. Of India, Ministry of Finance, Department of Economic affairs (Budget Division) has informed that, the rate of interest on various national small savings schemes for the third Quarter of Financial year 2021-22 starting from 1st October 2021 and ending on 31th December 2021 shall remain unchanged from the current interest rates applicable for the Second quarter (1st july 2021 to 30th September 2021)
The details of interest rates are indicated below for ready reference:
| SL No. | National Savings Scheme | Rate of interest w.e.f. 01.07.2021 to 30.09.2021 (%) | Rate of interest w.e.f 01.10.2021 to 31.12.2021 (%) (unchanged ) | Compounding Frequency * |
| 01. | Post Office Savings Account | 4.0 | 4.0 | Annually |
| 02. | 1 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 (VIII 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) | 6.9 (will mature in 124 months) | Annually |
| 12. | Sukanya Samriddhi Account Scheme | 7.6 | 7.6 | Annually |
3. It is requested to circulate it to all concerned for information and necessary guidance It may also be placed on the notice board of all Post Offices in public area.
4. This issues with the approval of Competent Authority.
Yours Faithfully,
Sd/-
(Devendra Sharma)
Assistant Director (SB-II)
Copy to:-
- 1. Sr.PPS to Secretary (Posts).
- 2. PS to Director General Postal Services.
- 3. PPS/PS to Addl. DG (Co-ordination)/Member(Banking)/Member (O)/Member (P)/Member (Planning & HRD)/Member (PLI)/Member (Tech)/AS & FA.
- 4. Addl. Director General, APS, New Delhi.
- 5. Chief General Manager, BD Directorate/Parcel Directorate/PLI Directorate.
- 6. Sr. Deputy Director General (Vigilance) & (CVO)/Sr. Deputy Director General (PAF).
- 7. Director, RAKNPA /GM, CEPT/Directors of all PTCs.
- 8. Director General P&T (Audit), Civil Lines, New Delhi.
- 9. Secretary, Postal Services Board/All Deputy Directors General..
- 10. All General Managers (Finance) /Directors Postal Accounts /DDAP.
- 11. Chief Engineer (Civil),Postal Directorate.
- 12. All Sections of Postal Directorate.
- 13. All recognized Federations/ Unions/ Associations.
- 14. GM, CEPT for uploading the order on India Post Website.
- 15. MoF (DEA), NS-II, North Block, New Delhi.
- 16. Joint Director & HOD, ICCW Building, 4 Deendayal Upadhyay Marg, New Delhi – 110002.
- 17. Guard file.
- 18. Spare copies.
Download PDF of SB Order 27/2021