GOI kept Interest Rates on Small Savings Scheme Unchanged for Q2 2021-22

July 02, 2021
Current Context: To grant the relief to savers, the GOI announced to keep interest rates on small savings schemes including NSC and PPF unchanged for the second quarter of 2021-22. The decision was taken amidst the COVID-19 pandemic.
GOI kept Interest Rates on Small Savings Scheme Unchanged for Q2 2021-22
  • The Public Provident Fund (PPF) will continue to carry an annual interest rate of 7.1%.
  • The National Savings Certificate (NSC) will continue to carry an annual interest rate of 6.8%.
  • The interest rate associated with the Post Office Saving account will be 4%.
  • The 5 year Post office recurring deposit account will have an interest rate of 5.8%.
  • The girl child savings scheme Sukanya Samriddhi Yojana account will have an interest rate of 7.6%. The Kisan Vikas Patra will be associated with an interest rate of 6.9%.
  • The interest rate on the five-year senior citizen's savings scheme would be retained at 7.4 %.
  • The Term deposits of one to five years will have an interest rate in the range of 5.5-6.7%, which is to be paid quarterly.

Question: 

Q.1 What is the interest rate charged on the Public Provident Fund (PPF), as per the announcement made by GOI for the interest rate charged in the second quarter of 2021-22?
a. 7.2%
b. 7.1%
c. 7.3%
d. 7.4%

Free Exam Resources

Useful material to support your preparation, revision and exam planning.

Continue on BankExamsToday

Revise notes, practice questions and resume anytime.

Meet your mentor

From the Founder

Ramandeep Singh, founder of BankExamsToday

Ramandeep Singh

Banking Educator · Former Banker

Former banker and educator helping aspirants prepare for banking promotion and specialist officer exams with focused, practical guidance.

14+
Years' experience
5,000+
Selections
Ex-BoB
Banking experience