Interest rates for Small Savings Schemes from Oct 2018 to Dec 2018

Interest rates for Small Savings Schemes from Oct 2018 to Dec 2018

Department of Economic Affairs has revised the rates of interest on various small savings schemes for the third quarter of financial year 2018-19 starting 1st October, 2018, and ending on 31st December, 2018.

F.No.01/04/2016-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated:19.09.2018

Subject: Revision of interest rates for Small Savings Schemes.

The undersigned is directed to refer to this Department’s OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned.

2. On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the third quarter of financial year 2018-19 starting 1st October, 2018, and ending on 31st December, 2018, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:

* No Change

3. This has the approval of Finance Minister.

(Padam Singh)
Sr.Regional Director(NS)

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