SB Order 5/2022 – Post Office Interest Rate from 1st April 2022

SB Order 5/2022 – Small Savings Schemes Interest rate shall remain unchanged w.e.f. 1st April 2022 – Read More

SB Order 5/2022

F. No 113-03/2017-SB(PT. 1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, New Delhi -110001
Dated: 31.03.2022

To,

All Head of Circles/Regions

Subject of SB Order 5/2022 : Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2022

Sir,Madam,

The undersigned is directed to say that, vide memorandum No. 01/04/2019-NS dated 31.03.2022 (copy enclosed), Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2022-23 (starting from 1st April, 2022 and ending on 30th June 2022) shall remain unchanged from the current interest rates applicable for the fourth quarter (1st January, 2022 to 31st March, 2022) of Financial year 2021-2022.

The details of interest rates are indicated below for ready reference: 

SL No.	National Savings Scheme	Rate of interest w.e.f. 01.01.2022 to 31.03.2022 (%)	Rate of interest w.e.f 01.04.2022 to 30/06/2022 (%) (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

2. It is requested to circulate it to all concerned for information, guidance and necessary action. Same may also be placed on the notice board of all post offices in public area.

3. This is issued with the approval of the Competent Authority.

Yours Faithfully
(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 AddI. 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 the 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

F.No. 1/4/2019-NS
Government of India
Ministry of Communications
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 31.03.2022

OFFICE MEMORANDUM

Subject: Revision of interest rates for Small Savings Schemes – reg.

The rate of interest on various Small Savings Schemes for the first quarter of financial year 2022-24 starting from 1st April, 2022 and ending on 30th June, 2022 shall remain unchanged from the current rates applicable for the fourth quarter (1st January, 2022 to 31st March, 2022) of FY 2021-22.

2.This has the approval of the competent authority.

(Rajesh Panwar)
Deputy Director (NS)
Tel.: 011-23093170

To

1. The Finance Secretary
Ministry of Finance
Department of Expenditure
North Block, New Delhi

2. The Secretary
Department of Economic Affairs
North Block, New Delhi

3. The Secretary
Department of Revenue,
North Block, New Delhi

4. The Secretary
Department of Financial Services
Jeevan Deep Building, New Delhi

5. The Secretary
Department of Posts
Dak Bhawan, New Delhi

6. The Chief General Manager
Department of Govt. & Bank Accounts
Reserve Bank of India
Central Office, Mumbai

7. Reserve Bank of India
Central Account Section
Additional Office Section
East High Court Road, Nagpur – 440 001.

8. Chief Secretaries of State/UT Governments.

9. The Joint Director
National Savings Institute
New Delhi

Download PDF of SB Order 5/2022