Rates of small savings schemes from 01.01.2018 to 31.03.2018

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(Last Updated On: March 23, 2018)

Ministry of Finance

Rates of small savings schemes

Posted On: 22 MAR 2018 4:53PM by PIB Delhi

The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:

InstrumentRate of interest w.e.f. 01.01.2018 to 31.03.2018
Savings Deposit4.0
1 Year Time Deposit6.6
2 Year Time Deposit6.7
3 Year Time Deposit6.9
5 Year Time Deposit7.4
5 Year Recurring Deposit6.9
5 Year Senior Citizen Savings Scheme8.3
5 Year Monthly Income Account7.3
5 Year National Savings Certificate7.6
Public Provident Fund Scheme7.6
Kisan Vikas Patra7.3 (will mature in 118 months)
Sukanya Samriddhi Account Scheme8.1

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha.

CA Satbir Singh
Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters
https://www.taxheal.com/

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