KVP Interest Rate 2020-21: 6.9 Percent From April to June 2020
Public Provident Fund (PPF) Interest Rate 7.1% – Kisan Vikas Patra (KVP) Interest Rate 6.9% – National Savings Certificate (NSC) Interest Rate 6.8% – For the period between April and June 2020
The Department of Economic Affairs today published an office memorandum regarding revised rates of small savings schemes for the first quarter of 2020-21 Financial year.
The first quarter is starting from 1 April 2020 and ending on 30 June 2020, the below table describes the interest rates for all savings schemes:
F.No.1/4/2019-NS
Government of India Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 31.03.2020
Office Memorandum
Subject: Revision of interest rates for Small Savings Schemes – reg.
In exercise of the powers conferred by Rule 9(1) of the Government Saving Promotion General Rules, 2018, the rates of interest on various Small Savings Schemes for the first quarter of financial year 2020- 21 starting from 1st April , 2020 and ending on 30th June, 2020 have been revised as indicated below:
| Instruments | Rate of interest from 01.01.2020 to 31.03.2020 | Rate of interest from 01.04.2020 to 30.06.2020 | Compounding frequency* |
| Savings Deposit | 4.0 | 4.0 | Annually |
| 1 Year Time Deposit | 6.9 | 5.5 | Quarterly |
| 2 Year Time Deposit | 6.9 | 5.5 | Quarterly |
| 3 Year Time Deposit | 6.9 | 5.5 | Quarterly |
| 5 Year Time Deposit | 7.7 | 6.7 | Quarterly |
| 5 Year Recurring Deposit | 7.2 | 5.8 | Quarterly |
| Senior Citizen Savings Scheme | 8.6 | 7.4 | Quarterly and paid |
| Monthly Income Account | 7.6 | 6.6 | Monthly and paid |
| National Savings Certificate | 7.9 | 6.8 | Annually |
| Public Provident Fund Scheme | 7.9 | 7.1 | Annually |
| Kisan Vikas Patra | 7.6 (will mature in 1 13 months) | 6.9 (will mature in 124 months) | Annually |
| Sukanya Samriddhi Account Scheme | 8.4 | 7.6 | Annually |
CHECK ALSO: Revision of National Savings Scheme Interest Rate from April to June 2020 Gazette Notification pdf download
This has the approval of Finance.
sd/-
(Rajesh Panwar)
Dy. Director (Budget)
Source: Department of Economic Affairs
CHECK ALSO: CPS Interest Rate 2020-21 pdf
CHECK ALSO: GPF Interest Rate 2020-21: 7.1% from April to June 2020
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