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March 31, 2021

PPF, Senior Citizen Scheme and Small Saving Interest Rates slashed by Govt from 1 April 2021

by facelesscompliance in RBI

PPF, Senior Citizen Scheme and Small Saving Interest Rates slashed by Govt from 1 April 2021

Update 01 April 2021 the Interest will remain as per last qtr of Jan 2021 to Mar 2021.

Click here to Read the update FM Clarified that Interest Rate will not be Reduce from 1 April 2020

The rates of interest on various Small Savings Schemes for the first quarter of financial year 2021-22 starting from 1st April, 2021 has significantly reduced and notified by Government

InstrumentsRate of interest from 01.01.2021 to 31.03.2021Rate of interest from 01.04.2021 to 30.06.2021Compounding frequency
Savings Deposit4.03.5Annually
1 Year Time Deposit5.54.5Quarterly
2 Year Time Deposit5.55.0Quarterly
3 Year Time Deposit5.55.1Quarterly
5 Year Time Deposit6.75.8Quarterly
5 Year Recurring Deposit5.85.3Quarterly
Senior Citizen Savings Scheme7.46.5Quarterly paid
Monthly Income Account6.65.7Monthly paid
National Savings Certificate6.85.9Annually
Public Provident Fund Scheme7.16.4Annually
Kisan Vikas Patra6.9 (will mature in 113 months)6.2 (will mature in 124 months)Annually
Sukanya Samriddhi Account Scheme7.66.9Annually

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