No change in Interest rates for Small Saving Schemes from 01.10.2019 to 31.12.2019
SB Order 10/2019
Govt. of India
Ministry of Communication
Department of Posts (F.S. Division)
Oak Bhawan, New Delhi-110001
All Head of Circles/Regions
Addl. Director General, APS, New Delhi
Subject : Revision of interest rates for Small Savings Schemes.
The undersigned is directed to say that vide their OM No. 01/04/2019-NS dated 30.09 2019, the Ministry of Finance, Department of Economic Affairs (Budget Division), New Delhi have informed that the rate of interest on various small savings schemes for the third quarter of financial year 2019-20 starting 1st October, 2019 shall remain unchanged from those notified for the second quarter (1st July 2019 to 30th September) of financial year 2019-20.
2.This is for information & necessary action by all concerned.
3.This issues with the approval of Competent Authority.
Government of India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi
Subject: Revision of interest rates for Small Savings Schemes.
On the basis of the decision of the Government, interest rates for small savings schemes are notified on quarterly basis since 1st April, 2016. Accordingly, the rates of interest on various small savings schemes for the third quarter of financial year 2019-20 starting from 1st October, 2019 and ending on 31st December, 2019 shall remain unchanged from those notified for the second quarter (1st July, 2019 to 30th September, 2019) of financial year 2019-20.
2. This has the approval of Finance Minister.
Deputy Secretary (Budget)
Source: Dept. of Posts