• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar

Govtempdiary

  • Home
  • 7th CPC Calculator
  • Pay Matrix
  • AICPIN

8th Pay CommissionPay Matrix
AICPINDA Calculator 2025

SB Order: Revision of interest rates for Small Savings Schemes

January 5, 2019 by GEDWEBZIP Leave a Comment


SB Order: Revision of interest rates for Small Savings Schemes

SB Order No. 14/2018

F.No 113-03/2017-SB
Govt. of India
Ministry of Communication
Department of Posts
(F.S. Division)

Dak Bhawan, New Delhi-110001
Dated: 31.12.2018

To,
All Head of Circles/Regions
Addl. Director General, APS, New Delhi

Subject :- Revision of interest rates for Small Savings Schemes.

Sir/Madam,

The undersigned is directed to say that vide memorandum No. 01104/2016-NS dated 31.12 2018 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has revised interest rates of small savings schemes for the fourth quarter of the financial year 2018-19 starting 1st January ,2019 and ending on 31st March, 2019 on the basis of interest compounding/payment built-in in the schemes, as under:-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SI. No. instruments Rate of interest Rate of interest Compounding Frequency*
    w.e.f.01.10.2018 to 31.12.2018 w.e.f 01.01.2019 to 31.03.2019  
1 Savings Deposit 4 4 Annually
2 1 Year Time Deposit 6.9 7 Quarterly
3 2 Year Time Deposit 7 7 Quarterly
4 3 Year Time Deposit 7.2 7 Quarterly
5 5 Year Time Deposit 7.8 7.8 Quarterly
6 5YearRecurring Deposit 7.3 7.3 Quarterly
7 5 Year Senior Citizen
Account Scheme
8.7 8.7 Quarterly and Paid
8 5 Year Monthly Income
Account
7.7 7.7 Monthly and paid
9 5 Year National Savings
Certificate
8 8 Annually
10 Public Provident Fund
Scheme
8 8 Annually
11 Kisan Vikas Patra 7.7 (will mature
in 112 months)
7.7 (will mature in 112 months) Annually
12 Sukanya Samriddhi Account Scheme 8.5 8.5 Annually

3. It is requested to circulate these changes to all concered for information and necessary guidance. Same may also be placed on the notice board of all Post Offices in Public area. The necessary calculation tables will be supplied in due course.

4. This issue with the approval of Competent Authority.

Yours Faithfully,
(Devendra Sharma)
Assistant Director (SB-II)

[download id=”109780″ template=”dlm-buttons-button”]

Filed Under: CGE Latest News, DOP -Department of Posts

Recent Posts

  • 8th Pay Commission: Major Salary Hike Expected for Government Employees January 16, 2025
  • CPI-IW November 2024 Update – All-India Consumer Price Index January 6, 2025
  • EPFO UAN Activation 2024: AADHAAR Seeding Guidelines for ELI Scheme December 16, 2024
  • EPS Pension Increase: Updates on Minimum Pension Hike for 2024 December 13, 2024
  • Good News for Ex-Servicemen: ECHS Gets a Major Boost December 12, 2024

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

  • Home
  • 8th Pay Commission
  • 7th CPC Calculator [updated]
  • Pay Matrix
  • Dopt orders
  • DA News
  • AICPIN
  • DA 2024
  • DA Calculator 2025
  • Superannuation Date Calculator

GET FREE EMAIL UPDATE

Secondary Sidebar

Categories

Copyright © 2010–2025 - Central Government Employees News - Govtempdiary