SB ORDER 01/2020, POST OFFICE LATEST FD RATE 2020, POST OFFICE FD INTEREST RATES 2020 post office interest rates 2020 post office fd interest rate 2020 post office fd calculator post office fixed deposit interest rates 2020 post office interest rates table 2020 new interest rates on post office schemes post office fd calculator 2020 post office scheme to double the money in 113 months
F.No
113-03/2017-SB
Govt. of India
Ministry of Communication
Department
of Posts
(F.S.
Division)
Dak Bhawan, New Delhi-110001
Dated: 01.01.2020
To,
All Head of Circles/Regions
Addl. Director General, APS, New Delhi
Subject
• Revision of
interest rates for Small Savings Schemes w.e.f. 01.01.2020
Madam/Sir,
Madam/Sir,
The undersigned is directed to say that vide
memorandum No. 01/04/2019-NS dated
31.12.2019 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) have
informed that the rate of interest on various National Small Savings Schemes
for the fourth quarter of financial year 2019-20 ( starting from 1st January ,2020 and ending on
31st March, 2020) shall remain unchanged from those notified for the third
quarter of Financial Year 2019-20 (01st October 2019 to 31st
December,2019). The details are indicated below for ready
reference.
SI. No.
|
Instruments
|
Rate of interest
w.e.f. 01.10.2019
to 31.12.2019 |
Rate of interest
w.e.f 01.01.2020
to 31.03.2020 (Unchanged) |
Compounding
Frequency*
|
01.
|
Post Office Savings
Account
|
4.0
|
4.0
|
Annually
|
02.
|
1 Year Time Deposit
|
6.9
|
6.9
|
Quarterly
Quarterly |
03.
|
2 Year Time Deposit
|
6.9
|
6.9
|
|
04.
|
3 Year Time Deposit
|
6.9
|
6.9
|
Quarterly
|
05.
|
5 Year Time Deposit
|
7.7
|
7.7
|
Quarterly
|
06.
|
5 Year Recurring Deposit
|
7.2
|
7.2
|
Quarterly
|
07.
|
Senior Citizen Savings
Scheme
|
8.6
|
8.6
|
Quarterly
and Paid
|
08.
|
Monthly Income Account
|
7.6
|
7.6
|
Monthly
and paid
|
09.
|
National
Savings Certificate (VIII Issue)
|
7.9
|
7.9
|
Annually
|
10.
|
Public Provident Fund
Scheme
|
7.9
|
7.9
|
Annually
|
11.
|
Kisan
Vikas Patra
|
7.6
(will mature in 113 months)
|
7.6
(will mature in 113 months)
|
Annually
|
12.
|
Sukanya
Samriddhi Account Scheme
|
8.4
|
8.4
|
Annually
|
3.
It is
requested to circulate it to all concered for information and necessary
guidance. Same may also
be placed on the notice board of all Post Offices in public area.The necessary calculation tables will be supplied in due
course on receipt from the DEA/MoF.
4.
This issues
with the approval of Competent Authority.
Yours Faithfully,
Assistant Director (SB)
Copy
to:-
1.
DDG(FS)/DDG(VIG)/AS&FA/DDG(PAF)/DDG(MODDG
(Estt.)/DDG(PG & Inspections)/DDG
(PCO/Sr. DDG(PBI)
2. Director (FS)/Director (CBS), Dak Bhawan.
3. Director of Audit (P&T), Delhi.
4.
Resident
Audit Officer, Room No.517-B,
Dak Bhawan, New Delhi.
5. All Directors/Dy. Directors of Accounts, Postal
6. Director, RAKANPA, Ghaziabad.
7.
All
Directors, Postal Training Centres.
8.
-
Director' PTC Mysore for
uploading the SB order on India Post Web Site and tii)clation of interest rates on indiapost
website as well as in postinfo app.
9.
Deputy
Director (CEPT) 0/o CPMG T.N.Circle, Chennai for information and necessary changes in Sanchay Post/Finacle.
10. AD
/Inspection/PF/Vigilance
11. All Accounts Officers ICO(SB)
12. All recognized unions.
13.
MOF(DEA),
NS-II, North Block, New
Delhi
14.
National
Savings Institute, 4 Deen Dayal Upadhyay Marg, New Delhi.
15.
PS to
Member (Banking)
16.
PPS to
DG Posts.
17. PPS to Secretary Posts.
 |
#SB ORDER 01/2020
#POST OFFICE LATEST FD RATE 2020,
#POST OFFICE FD INTEREST RATES 2020
#post office interest rates 2020
#post office fd interest rate 2020
#post office fd calculator post office fixed deposit interest rates 2020
#post office interest rates table 2020
#new interest rates on post office schemes
#post office scheme to double the money in 113 months
COMMENTS