Govt. withdraws previous order on small savings: No change in PPF, NSC, SCSS, Post Office FD interest rates

“Interest rates of small savings schemes of GoI shall continue to be at therates which existed in thelast quarter of 2020-2021, ie, rates that prevailed as of March 2021.
Orders issued by oversight shall be withdrawn.” @FinMinIndia @PIB_India

— Nirmala Sitharaman (@nsitharaman) April 1, 2021 

Once restored, PPF and NSC will carry an annual rate of interest of 7.1 per cent and 6.8 per cent, respectively.

One-year term deposit scheme to earn a higher rate of interest of 5.5 per cent throughout the first quarter of the current fiscal whereas the girl child savings scheme Sukanya Samriddhi Yojana account will earn 7.6 per cent as against reduced rate of 6.9 per cent.

Govt notifies rates of interest for small savings schemes on a quarterly basis.

The rates of interest on numerous small savings schemes for the first quarter of the financial yr 2021-22 ranging from April 1 and ending on June 30, 2021, was revised on Wednesday.

While announcing the quarterly setting of rates of interest in 2016, the finance ministry had mentioned that rates of small savings schemes would be linked to government bond yields.