Interest Rates on the Small Savings Schemes Unchanged

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.

• 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%