Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2024: 01 जनवरी 2024 से छोटी अवधी की जमा बचत योजनाओं मिलने वाली ब्याज दरों की घोषणा
Govt of India has revised the Interest rates for many saving instruments like Small Savings Schemes wef 1st January 2024. These Interest rates are changed or modified every quarter. Below Interest rates will be effective from 01.01.2024 to 31.03.2024. Change in interest rates are notified via a letter from Financial Services Division, Department of Posts on 29 Dec 2023.
SB Order No. 23 / 2023
F. No 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)
Dak Bhawan, New Delhi – 110001
Dated: 29.12.2023
To
All Head of Circles/Regions
Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2024
Madam / Sir,
The undersigned is directed to say that, vide memorandum No.
1/4/2019-NS dated 29.12.2023 (copy enclosed), Government of India,
Ministry of Finance, Department of Economic Affairs (Budget Division) has
informed that the rate of interest on various Small Savings Schemes (National
Savings Schemes) for the fourth quarter of financial year 2023-24 (starting
from 1st January, 2024 and ending on 31st March, 2024) have been revised as
under.
|
Sl. No. |
Instrument / Scheme |
Rate of Interest from 01.10.2023 to 31.12.2023 |
Rate of Interest from 01.01.2023 to 31.01.2024 |
|
1. |
Post Office Savings Account |
4.0 |
4.0 |
|
2. |
1 Year Time Deposit |
6.9 |
6.9 |
|
3. |
2 Year Time Deposit |
7.0 |
7.0 |
|
4. |
3 Year Time Deposit |
7.0 |
7.1 |
|
5. |
5 Year Time Deposit |
7.5 |
7.5 |
|
6. |
5 Year Recurring Deposit |
6.7 |
6.7 |
|
7. |
Senior Citizen Savings Scheme |
8.2 |
8.2 |
|
8. |
Monthly Income Account Scheme |
7.4 |
7.4 |
|
9. |
Sukanya Samriddhi Account Scheme |
8.0 |
8.2 |
|
10. |
Public Provident Fund Scheme |
7.1 |
7.1 |
|
11. |
National Savings Certificate |
7.7 |
7.7 |
|
12. |
Kisan Vikas Patra |
7.5 |
7.5 |
2. It is requested to circulate it to all concerned for information and
necessary guidance. Same may also be placed on the notice board of all Post
Offices in public area. The relevant calculation tables, if any, will be
supplied in due course on receipt from the DEA/MoF.
3. This is issued with the approval of the Competent Authority.
(T.C.VIJAYAN)
Assistant Director (SB-1)
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