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No change in interest rates of small saving schemes

Government maintains status quo on the interest rates of small saving schemes for July to September, after a steep cut in the previous quarter

Interest rates of small-savings schemes remain unchanged

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.

Jul-Sep, 2020Apr-Jun, 2020Jan-Mar, 2020Oct-Dec, 2019Jul-Sep, 2019Apr-Jun, 2019Jan-Mar, 2019Oct-Dec, 2018
PORD 5 year5.85.87.27.27.27.37.37.3
POTD 1 year5.55.56.96.96.9 7.0 7.06.9
POTD 2 year5.55.56.96.96.9 7.0 7.0 7.0
POTD 3 year5.55.56.96.96.9 7.0 7.07.2
POTD 5 year6.76.77.77.77.77.87.87.8
POMIS6.66.67.67.67.67.77.77.7
PPF7.17.17.97.97.9 8.0 8.0 8.0
SSY7.67.68.48.48.48.58.58.5
SCSS7.47.48.68.68.68.78.78.7
NSC6.86.87.97.97.9 8.0 8.0 8.0
KVP6.96.97.67.67.67.77.77.7
RBI 7.15%7.15
PMVVY 7.40
Index:
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
PMVVY - Pradhan Mantri Vaya Vandana Yojana

SBI FD Rates

TenorsGeneral PublicSenior Citizens
7 days to 45 days2.93.4
46 days to 179 days3.94.4
180 days to 210 days4.44.9
211 days to less than 1 year4.44.9
1 year to less than 2 years5.15.6
2 years to less than 3 years5.15.6
3 years to less than 5 years5.35.8
5 years and up to 10 years5.46.2
Interest rates are applicable for a deposit of below Rs 2 crore as on July 01, 2020.

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