Interest Rates on Small Savings Schemes for Q4 of FY 2020-21 (Jan-March)

The government has kept the interest rates on small savings schemes unchanged for the fourth quarter (Q4) of the financial year 2020-21, i.e. January- March 2021.
This means that the rate of interest will be same as notified in the Q3 of FY 2020-21.
Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis in every financial year.
Rates of Interest on various Small Savings Schemes for the Fourth Quarter of the 2020-21 are as follows:

Instrument	Interest rate (%) for January 1, 2021 to March 31, 2021	Compounding frequency
Savings Account	4	Annually
1 year Time Deposit	5.5	Quarterly
2 year Time Deposit	5.5	Quarterly
3 year Time Deposit	5.5	Quarterly
5 year Time Deposit	6.7	Quarterly
5-year Recurring Deposit	5.8	Quarterly
5-year Senior Citizen Savings Scheme	7.4	Quarterly and Paid
5-year Monthly Income Account	6.6	Quarterly and Paid
5-year National Savings Certificate	6.8	Annually
Public Provident Fund	7.1	Annually
Kisan Vikas Patra	6.9 (will mature in 124 months)	Annually
Sukanya Samriddhi Yojana	7.6	Annually