Government keeps interest rates on Small Savings Schemes unchanged for Quarter-4 of 2021-22
- The interest rates on the small savings schemes will remain the same for the fourth quarter of 2021-2022 (January – February – March 2022) as they were in the third quarter of 2021-22 (October-November-December 2021).
- It must be noted that the Government notifies the Interest rates for small savings schemes on a quarterly basis.
- West Bengal is the highest contributor to the small saving schemes while Uttar Pradesh is the second top contributor.
Various Interest Rates for Quarter-4 (Jan-March) of 2021-22 are listed below:
|S.No||Small Savings Scheme||Interest Rate|
|1||Post Office Savings Account||4%|
|2||5-Year Post Office Recurring Deposit (RD) Account||5.8%|
|3||Post Office Time Deposit (TD) Account – One Year||5.5%|
|4||Post Office Time Deposit Account (TD) – Two Years||5.5%|
|5||Post Office Time Deposit Account (TD) – Three Years||5.5%|
|6||Post Office Time Deposit Account (TD) – Five Years||6.7%|
|7||Post Office Monthly Income Scheme Account (MIS)||6.6%|
|8||Senior Citizen Savings Scheme (SCSS)||7.4%|
|9||15-Year Public Provident Fund Account (PPF)||7.1%|
|10||National Savings Certificates (NSC)||6.8%|
|11||Kisan Vikas Patra (KVP)||6.9%|
|12||Sukanya Samriddhi Account||7.6%|
Points to remember:
- Interest Rate of various small saving schemes
- Top state contributing to the Small Savings Scheme?- West Bengal
Source: Financial Express