Ministry of Finance
Government announces the Revision of involvement rates for Small Savings Schemes for the Third Quarter of the electrical flow Financial Year 2018-19
Posted On: xx SEP 2018 11:13AM yesteryear PIB Delhi
On the Earth of the conclusion of the Government of India, the involvement rates for Small Savings Schemes are to live notified on Quarterly Basis amongst the blessing of the Union Finance Minister. Accordingly, the Rates of Interest on diverse Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting 1st October, 2018, as well as ending on 31st December, 2018 bring been announced. The Rates of Interest on the Earth of the involvement compounding/payment built-in inward the Schemes, shall live equally under:
| Instrument | Rate of involvement w.r.t. 01.07.2018 to 30.09.2018 | Rate of involvement w.r.t. 01.10.2018 to 31.12.2018 | Compounding frequency* |
| Savings Deposit | 4.0 | 4.0 | Annually |
| 1 Year Time Deposit | 6.6 | 6.9 | Quarterly |
| 2 Year Time Deposit | 6.7 | 7.0 | Quarterly |
| 3 Year Time Deposit | 6.9 | 7.2 | Quarterly |
| 5 Year Time Deposit | 7.4 | 7.8 | Quarterly |
| 5 Year Recurring Deposit | 6.9 | 7.3 | Quarterly |
| 5 Year Senior Citizen Savings Scheme | 8.3 | 8.7 | Quarterly as well as paid |
| 5 Year Monthly Income Account | 7.3 | 7.7 | Monthly as well as paid |
| 5 Year National Savings Certificate | 7.6 | 8.0 | Annually |
| Public Provident Fund Scheme | 7.6 | 8.0 | Annually |
| Kisan Vikas Patra | 7.3 (will mature inward 118 months) | 7.7 (will mature inward 112 months) | Annually |
| Sukanya Samriddhi Account Scheme | 8.1 | 8.5 | Annually |
* No Change
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Tag :
Interest Rate,
Savings Scheme
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