The Government Announce the Revision of Interest Rate
For Small saving Schemes for the Third Quarter of the Current Financial Year 2018-2019 Starting from 1st of October, 2018 and ending on 31st of December, 2018 Announced by Government
As the Government o India made the decision the interest rates are to be notified on Quarterly basis is for small saving Schemes with the approval of the Union Finance Minister also accordingly it is applied to the Rate of Interest for the Third Quarter of the Current Financial Year 2018-2019 for various small savings schemes
|
Instrument |
Rate of interest w.r.t. 01.07.2018 to 30.09.2018 |
Rate of interest w.r.t. 01.10.2018 to 31.12.2018 |
Compounding frequency |
| Savings Deposit |
4.0
|
4.0 | Annually |
| 1 Year Time Deposit | 6.6 | 6.9 | Quarterly |
| 2 Year Time Deposit | 6.7 | 7.0 | Quarterly |
| 3 Year Time Deposit | 6.9 | 7.2 | Quarterly |
| 5 Year Time Deposit | 7.4 | 7.8 | Quarterly |
| 5 Year Recurring Deposit | 6.9 | 7.3 | Quarterly |
| 5 Year Senior Citizen Savings Scheme | 8.3 | 8.7 | Quarterly and paid |
| 5 Year Monthly Income Account | 7.3 | 7.7 | Monthly and paid |
| 5 Year National Savings Certificate | 7.6 | 8.0 | Annually |
| Public Provident Fund Scheme | 7.6 | 8.0 | Annually |
| KisanVikasPatra | 7.3 (will mature in 118 months) | 7.7 (will mature in 112 months) | Annually |
| SukanyaSamriddhi Account Scheme | 8.1 | 8.5 | Annually |