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Status-quo for interest rates of small saving schemes

PPF, NSC and other small saving schemes will continue to fetch the same interest rate during January to March as they did in the previous quarter. Here are the applicable rates.

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.

Jan-Mar, 2021Oct-Dec, 2020Jul-Sep, 2020Apr-Jun, 2020Jan-Mar, 2020Oct-Dec, 2019Jul-Sep, 2019Apr-Jun, 2019
PORD 5 year5.
POTD 1 year5.
POTD 2 year5.
POTD 3 year5.
POTD 5 year6.
RBI 7.15% Bonds7.15
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 years4.95.4
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 January 01, 2021.

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