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Interest rates of small-savings schemes reduced significantly

Here are the applicable rates for April to June 2020. They have been reduced significantly after a long pause

Interest rates of small-savings schemes remain unchanged

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In the following table, you will find the current and historical trends in interest rates of all the important government-backed savings schemes over the past seven quarters.

Apr-Jun, 2020Jan-Mar, 2020Oct-Dec, 2019Jul-Sep, 2019Apr-Jun, 2019Jan-Mar, 2019Oct-Dec, 2018Jul-Sep, 2018
PORD 5 year5.
POTD 1 year5.
POTD 2 year5. 7.0 7.0 7.06.7
POTD 3 year5. 7.0
POTD 5 year6.
PPF7. 8.0 8.0 8.07.6
NSC6. 8.0 8.0 8.07.6
RBI 7.75%7.75
PORD - Post Office Recurring Deposit
POTD - Post Office Time Deposit
POMIS - Post Office Monthly Income Scheme
SCSS - Senior Citizen Savings Scheme
NSC - National Savings Certificate
KVP - Kisan Vikas Patra
SSY - Sukanya Samriddhi Yojana

SBI FD Rates

TenorsGeneral PublicSenior Citizens
7 days to 45 days3.5 4.0
46 days to 179 days4.5 5.0
180 days to 210 days 5.05.5
211 days to less than 1 year 5.05.5
1 year to less than 2 years5.76.2
2 years to less than 3 years5.76.2
3 years to less than 5 years5.76.2
5 years and up to 10 years5.76.2
Interest rates are applicable for a deposit of below Rs 2 crore as on March 31, 2020.

To get a comprehensive overview of the savings and investment options in India, click here.