Government keeps interest rates on Small Savings Schemes unchanged for Quarter-4 of 2021-22

Government keeps interest rates on Small Savings Schemes unchanged for Quarter-4 of 2021-22Government keeps interest rates on Small Savings Schemes unchanged for Quarter-4 of 2021-22

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:

  1. Interest Rate of various small saving schemes
  2. Top state contributing to the Small Savings Scheme?- West Bengal

Source: Financial Express

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