The Government announces the Revision of interest rates for Small Savings Schemes for the Third Quarter of the current Financial Year 2018-19 starting 1st October, 2018, and ending on 31st December, 2018.

Find the small savings schemes and its Rate of Interest (RoI) in below table,

SchemesRoI w.r.t 01/07/2018 to 30/09/2018RoI w.r.t 01/10/2018 to 31/12/2018Compounding frequency
Savings Deposit44Annually
1 Year Time Deposit6.66.9Quaterly
2 Year Time Deposit6.77Quaterly
3 Year Time Deposit6.97.2Quaterly
5 Year Time Deposit7.47.8Quaterly
5 Year Recurring Deposit6.97.3Quaterly
5 Year Senior Citizen Savings Scheme8.38.7Quaterly and Paid
5 Year Monthly Income Account7.37.7Monthly and Paid
5 Year National Savings Certificate7.68Annually
Public Provident Fund Scheme7.68Annually
Kisan Vikas Patra7.3 (will mature in 118 months) 7.7 (will mature in 112 months)Annually
Sukanya Sammridhi Account Scheme8.18.5Annually

It’s a positive move from RBI for those who plans to have investment on above schemes.

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