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No change in interest rates of small-saving schemes

The decision to cut interest rate of small-saving schemes like the PPF and the NSC has been withdrawn. Here are the applicable rates for the first quarter of FY22

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 eight quarters.

Apr-Jun, 2021 Jan-Mar, 2021 Oct-Dec, 2020 Jul-Sep, 2020 Apr-Jun, 2020 Jan-Mar, 2020 Oct-Dec, 2019 Jul-Sep, 2019
PORD 5 year 5.8 5.8 5.8 5.8 5.8 7.2 7.2 7.2
POTD 1 year 5.5 5.5 5.5 5.5 5.5 6.9 6.9 6.9
POTD 2 year 5.5 5.5 5.5 5.5 5.5 6.9 6.9 6.9
POTD 3 year 5.5 5.5 5.5 5.5 5.5 6.9 6.9 6.9
POTD 5 year 6.7 6.7 6.7 6.7 6.7 7.7 7.7 7.7
POMIS 6.6 6.6 6.6 6.6 6.6 7.6 7.6 7.6
PPF 7.1 7.1 7.1 7.1 7.1 7.9 7.9 7.9
SSY 7.6 7.6 7.6 7.6 7.6 8.4 8.4 8.4
SCSS 7.4 7.4 7.4 7.4 7.4 8.6 8.6 8.6
NSC 6.8 6.8 6.8 6.8 6.8 7.9 7.9 7.9
KVP 6.9 6.9 6.9 6.9 6.9 7.6 7.6 7.6
RBI 7.15% Bonds 7.15
PMVVY 7.4*
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 PatraSSY - Sukanya Samriddhi Yojana
PMVVY - Pradhan Mantri Vaya Vandana Yojana
*Interest rate for 2020-2021

SBI FD Rates

Tenors General Public Senior Citizens
7 days to 45 days 2.9 3.4
46 days to 179 days 3.9 4.4
180 days to 210 days 4.4 4.9
211 days to less than 1 year 4.4 4.9
1 year to less than 2 years 5.0 5.5
2 years to less than 3 years 5.1 5.6
3 years to less than 5 years 5.3 5.8
5 years and up to 10 years 5.4 6.2
Interest rates are applicable for a deposit of below Rs 2 crore as on March 31, 2021.

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