Interest Rates for Small Saving Schemes for January to March 2019

The government has announced the interest rate for small saving schemes like NSC (National Savings Certificate), PPF, Senior Citizen Savings Scheme, KVP, Sukanya SamriddhiAccount, RD Account and Post Office TimeDeposit for the period January 2019 to March 2019 (Fourth Quarter of FY 2018-2019).

Interest Rates Timetable for Post Office Small Saving Schemes

Earlier government used to revise interest rates for post office small saving schemes once yearly. But now government revises interest rates for small saving schemes every quarter. The quarterly interest rates for small saving schemes timetable given in the table below.

S. No.	Interest Rate would be effective for the quarter	Date on which it will be notified
1	1st Quarter (April to June)	15th March
2	2nd Quarter (July to September)	15th June
3	3rd Quarter (October to December)	15th September
4	4th Quarter (December to March)	15th December

The government revised the interest rates for post office small saving schemes for the fourth quarter of FY 2018-2019 (January 2019 to March 2019).

Interest Rates for Small Saving Schemes for the period January to March 2019

This time, the government has kept interest rates for post office small saving schemes unchanged except 1-year time deposit and 3-year time deposit schemes. Now one-year time deposit will fetch higher interest and 3-year time deposit will fetch less interest. This is announced by Department of Economic Affairs, Ministry of Finance via an Office Memorandum - "Revision of interest rates for Small Savings Schemes" on December 31, 2018.

Interest Rates for Post Office Saving Schemes for January to March 2019

1. The Senior Citizens Saving Scheme will offer an interest rate of 8.7%. At present, this is the highest interest rate offered on small saving schemes.

2. Sukanya Samriddhi Account will also offer the interest rate of 8.5% p.a.

3. The interest rate for NSC is 8% compounding annually.

4. PPF will also fetch an interest rate of 8% p.a.

5. KVP will offer the interest rate of 7.7% and mature in 112 months.

6. Post Office Monthly Income Account will fetch 7.7% p.a.

7. Post Office Time Deposits of 1 to 5 years will now offer the interest rate of 7% to 7.8% p.a.

The interest rate for Time Deposit of 1 Year is 7%

The interest rate for Time Deposit of 2 Years is 7%

For Time Deposit of 3 Years is also 7%

Time Deposit of 5 Years is 7.8%

8. The 5 years Recurring Deposit Account will fetch an interest rate of 7.3%.

9. The Post Office Savings Account will offer an interest rate of 4%.

Interest Rates for Post Office Saving Schemes for January to March 2019

Scheme Name	The rate of Interest from 01/01/2019 to 31/03/2019	The rate of Interest from 01/10/2018 to 31/12/2018	Frequency of Compounding
Post Office Savings Account	4%	4%	Annually
Time Deposit 1 Year	7%	6.9%	Quarterly
Time Deposit 2 Years	7%	7%	Quarterly
Time Deposit 3 Years	7%	7%	Quarterly
Time Deposit 5 Years	7.8%	7.8%	Quarterly
Recurring Deposit 5 Years	7.3%	7.3%	Quarterly
Sukanya Samriddhi Account	8.5%	8.5%	Annually
Kisan Vikas Patra (KVP)	7.7%	7.7%	Annually
Public Provident Fund	8%	8%	Annually
National Savings Certificate 5 Years	8%	8%	Annually
PO Monthly Income Account	7.7%	7.7%	Monthly and paid
Senior Citizens Savings Scheme	8.7%	8.7%	Quarterly and paid

The government has kept interest rates for post office small saving schemes unchanged except 1-year time deposit and 3-year time deposit schemes. Now post office small saving schemes are offering highest interest rates as compared to other saving schemes. You can consider investing in these small saving schemes if you are a low-risk appetite investor.

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