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Interest rates of small-savings schemes reduced marginally

The government has cut the interest rates of small-savings schemes by 10 basis points. Here are the revised rates


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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.

  Jul-Sep, 2019 Apr-Jun, 2019 Jan-Mar, 2019 Oct-Dec, 2018 Jul-Sep, 2018 Apr-Jun, 2018 Jan-Mar, 2018 Oct-Dec, 2017
PORD 5 year 7.2 7.3 7.3 7.3 6.9 6.9 6.9 7.1
POTD 1 year 6.9 7.0 7.0 7.0 6.6 6.6 6.6 6.8
POTD 2 year 6.9 7.0 7.0 7.0 6.7 6.7 6.7 6.9
POTD 3 year 6.9 7.0 7.0 7.2 6.9 6.9 6.9 7.1
POTD 5 year 7.7 7.8 7.8 7.8 7.4 7.4 7.4 7.6
POMIS 7.6 7.7 7.7 7.7 7.3 7.3 7.3 7.5
PPF 7.9 8.0 8.0 8.0 7.6 7.6 7.6 7.8
SSY 8.4 8.5 8.5 8.5 8.1 8.1 8.1 8.3
SCSS 8.6 8.7 8.7 8.7 8.3 8.3 8.3 8.3
NSC 7.9 8.0 8.0 8.0 7.6 7.6 7.6 7.8
KVP 7.6 7.7 7.7 7.7 7.3 7.3 7.3 7.5
PMVVY 8.00
RBI 7.75% 7.75
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
PMVVY - Pradhan Mantri Vaya Vandana Yojana
KVP - Kisan Vikas Patra
SSY - Sukanya Samriddhi Yojana

SBI FD Rates

Tenors General Public Senior Citizens
7 days to 45 days 5.75 6.25
46 days to 179 days 6.25 6.75
180 days to 210 days 6.35 6.85
211 days to less than 1 year 6.40 6.90
1 year to less than 2 years 7.00 7.50
2 years to less than 3 years 6.75 7.25
3 years to less than 5 years 6.70 7.20
5 years and up to 10 years 6.60 7.10
Interest rates are applicable for a deposit of below Rs 2 crore w.e.f. May 09, 2019.

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