Revision of interest rates for Small Savings Schemes

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small savings schemes interest rates revision

Small savings schemes interest rates for the third quarter of financial year 2019-20 starting from 1st October, 2019 and ending on 31st December, 2019 shall remain unchanged from those notified.

F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

Office Memorandum

North Block, New Delhi
Dated: 30.09.2019

Subject: Revision of interest rates for Small Savings Schemes.

On the basis of the decision of the Government, interest rates for small savings schemes are notified on quarterly basis since 1st April, 2016. Accordingly, the rates of interest on various small saving schemes for the third quarter of financial year 2019-20 starting from 1st October, 2019 and ending on 31st December, 2019 shall remain unchanged from those notified for the second quarter (1st July, 2019 to 30th September, 2019) of financial year 2019-20.

This has the approval of Finance Minister.

sd/-
(Sunil Chandhari)
Deputy Secretary (Budget)

Click here to view the official copy

Source: finmin

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