Interest Rates on Small Savings Schemes Unchanged for the Third Quarter 2020-21 (Oct-Dec)

Interest Rates on Small Savings Schemes Unchanged for the Third Quarter 2020-21 (Oct-Dec)

• The government has kept the interest rates on small savings schemes unchanged for the third quarter (Q3) October-December quarter of the financial year 2020-21 amid moderating bank deposit rates.
• Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis.
• Rates of Interest on Small Savings Schemes for the Third Quarter of the 2020-21 are as follows

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%