Interest Rates FY 2019-20: Post Office Small Savings Schemes PPF Sukanya NSC Bonds

Interest Rates 2019-20 Small Savings Schemes Post Office Schemes PPF Sukanya NSC Bonds. Interest Rates applicable to All Small Savings Schemes, Time Deposits, Sukanya Samriddhi Scheme. 5 Years National Savings Certificate NSC, PPF for 2019-20 Quarter Wise as released by Finance Ministry of India. Interest rates applicable to select small savings schemes have been revised with effect from July 1. Schemes such as the 15-year Public Provident Fund (PPF), the National Savings Certificate (NSC) and the Kisan Vikas Patra (KVP will yield a 10 basis points lower interest rate for the quarter ending September 30, according to an official statement. All small savings schemes except the savings deposit, the interest rate on which has been retained at 4 per cent, will fetch lower interest rates in the September quarter. F.No.01/04/2016-NS.

Interest Rates 2019-20 Small Savings Schemes Post Office Schemes PPF Sukanya NSC Bonds

Subject: Revision of interest rates for Small Savings Schemes.
  • The undersigned is directed to refer to this Department's OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned.
  • 2. On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2019-20 starting 1st July, 2019, and ending on 30th September, 2019, on the basis of the interest compounding / payment built-in in the schemes, shall be as under:

Comparison of Interest Rates of Small Savings Schemes Quarter Wise

Instrument Rate of interest 
w.r.t. 01.04.2019 to 30.06.2019
Rate of interest 
w.r.t. 01.07.2019 to 30.09.2019
Compounding frequency*
Savings Deposit
4.0
4.0
Annually
1 Year Time Deposit
7.0
6.9
Quarterly
2 Year Time Deposit Quarterly
3 Year Time Deposit Quarterly
5 Year Time Deposit
7.8
7.7
Quarterly
5 Year Recurring Deposit
7.3
7.2
Quarterly
5 Year Senior Citizen Savings Scheme SCSS
8.7
8.6
Quarterly and paid
5 Year Monthly Income Account
7.7
7.6
Monthly and paid
5 Year National Savings Certificate
8.0
7.9
Annually
15 Yrs Public Provident Fund Scheme PPF
8.0
7.9
Annually
Kisan Vikas Patra KVP
7.7 (will mature in 112 months)
7.6 (will mature in 113 months)
Annually
Sukanya Samriddhi Account Scheme SSY
8.5
8.4
Annually
Source :: Finance Ministry/ India Post
The Interest Rates applicable to all small savings schemes - savings account, recurring deposit, time deposit, monthly income scheme, senior citizen savings scheme, the 15-year Public Provident Fund (PPF), the National Savings Certificate (NSC), Kisan Vikas Patra (KVP) and the Sukanya Samriddhi scheme SSY - are reviewed on Quarterly basis.

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