Small Saving Scheme Interest Rates List (July-Sep 2019)

Here are the small saving scheme interest rates for the quarter April to June 2019 issued by the finance ministry. It is interesting to note that only the one year post office time deposit interest rate has been increased. Data source: National Small Savings Institute

The current PPF interest rate is  7.9%

The current Sukanya Samriddhi Account  interest rate is 8.4%

Instrument Rate of Interest w.r.t 01.04.2019 to 30.06.2019 Rate of Interest w.r.t 01.07.2019 to 30.09.2019 Compounding Frequency
Savings Deposit 4 4 Annually
1 year Time Deposit 7 6.9 Quarterly
2 year Time Deposit 7 6.9 Quarterly
3 year Time Deposit 7 6.9 Quarterly
5 year Time Deposit 7.8 7.7 Quarterly
5 year Recurring Deposit 7.3 7.2 Quarterly
5 year Senior Citizen Savings Scheme 8.7 8.6 Quarterly and Paid
5 year Monthly Income Account 7.7 7.6 Monthly and Paid
5 year National Savings Certificate 8 7.9 Annually
Public Provident Fund Scheme 8 7.9 Annually
Kisan Vikas Patra 7.7 (will mature in 112 months) 7.6 (will mature in 113 months) Annually
Sukanya Samriddhi Account Scheme 8.5 8.4 Annually

Thus there is no change in interest rate. The PPF and Sukanya schemes continue to fetch a comfortable 7.9 and 8.4 percent return.

The senior citizen savings scheme continues to offer a decent 8.6%.

Source: National Savings Institute India website

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