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Interest Rates on the Small Savings Schemes Unchanged

Published on January 04, 2022
Current Context: The GOI’s Ministry of Finance, Department of Economic Affairs has retained the interest rate of small saving schemes unchanged for Q4 of FY22 in order to maintain the status quo.
Interest Rates on the Small Savings Schemes Unchanged
  • The reason behind this is the rising cases of COVID-19 in the country.
  • The GOI interest rates on the small savings schemes.
  • Following are the interest rates for the fourth quarter of 2021-2022 (January – February – March 2022):
    • Post Office Saving Account: 4%
    • 5 Year Post Office Recurring Deposit (RD) Account: 5.8%
    • Post Office Time Deposit (TD) Account – One Year: 5.5%
    • Post Office Time Deposit Account (TD) – Two Years: 5.5%
    • Post Office Time Deposit Account (TD) – Three Years: 5.5%
    • Post Office Time Deposit Account (TD) – Five Years: 6.7%
    • Post Office Monthly Income Scheme Account (MIS): 6.6%
    • Senior Citizen Savings Scheme (SCSS): 7.4%
    • 15-Year Public Provident Fund Account (PPF): 7.1%
    • National Savings Certificates (NSC): 6.8%
    • Kisan Vikas Patra: 6.9%
    • Sukanya Samriddhi Account: 7.6%

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