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
|Instrument||Rate of Interest w.r.t 01.01.2019 to 31.03.2019||Rate of Interest w.r.t 01.04.2019 to 30.06.2019||Compounding Frequency|
|1 year Time Deposit||7||7||Quarterly|
|2 year Time Deposit||7||7||Quarterly|
|3 year Time Deposit||7||7||Quarterly|
|5 year Time Deposit||7.8||7.8||Quarterly|
|5 year Recurring Deposit||7.3||7.3||Quarterly|
|5 year Senior Citizen Savings Scheme||8.7||8.7||Quarterly and Paid|
|5 year Monthly Income Account||7.7||7.7||Monthly and Paid|
|5 year National Savings Certificate||8||8||Annually|
|Public Provident Fund Scheme||8||8||Annually|
|Kisan Vikas Patra||7.7 (will mature in 112 months)||7.7 (will mature in 112 months)||Annually|
|Sukanya Samriddhi Account Scheme||8.5||8.5||Annually|
Thus there is no change in interest rate. The PPF and Sukanya schemes continue to fetch a comfortable 8 and 8.5 percent return.
The senior citizen savings scheme continues to offer a decent 8.7%. This probably is bad news for the stock market as a rate hike seems imminent.
Source: National Savings Institute India website