Interest Rate of Government-backed Small Savings Scheme | Post Office Term Deposit Interest Rate vs State Bank Fixed Deposit Interest Rates

In the following table, you will find the current and some previous quarters trends in the interest rates of the all-important government-backed Small Savings Scheme over the last seven quarters. It includes all types of savings schemes like National Savings Monthly Income Account, Indian Post Office FD rate, Post Office Fixed Deposit Monthly Income Scheme, KVP Postal Scheme, Post Office 5 year scheme, etc.

 

Post office term deposit interest rate

 

 

Post Office Money Deposit Scheme	Jan-Mar, 2019	Apr-Jun, 2019	Jul-Sep, 2019	Oct-Dec, 2019	Jan-Mar, 2020	Apr-Jun, 2020	Jul-Sep, 2020	Oct-Dec, 2020
Post Office Recurring Deposit	7.3	7.3	7.2	7.2	7.2	5.8	5.8	5.8
Post Office Time Deposit 1 Year	7.0	6.9	6.9	6.9	5.5	5.5	5.5	5.5
Post Office Time Deposit 2 Year	7.0	7.0	6.9	6.9	6.9	5.5	5.5	5.5
Post Office Time Deposit 3 Year	7.0	7.0	6.9	6.9	6.9	5.5	5.5	5.5
Post Office Time Deposit 5 Year	7.8	7.8	7.7	7.7	7.7	6.7	6.7	6.7
Post Office Monthly Income Scheme	7.7	7.7	7.6	7.6	7.6	6.6	6.6	6.6
Public Provident Fund	8.0	8.0	7.9	7.9	7.9	7.1	7.1	7.1
Sukanya Samriddhi Post Office	8.5	8.5	8.4	8.4	8.4	7.6	7.6	7.6
Senior Citizen Savings Scheme	8.7	8.7	8.6	8.6	8.6	7.4	7.4	7.4
National Saving Certificate Scheme	8.0	8.0	7.9	7.9	7.9	6.8	6.8	6.8
Kisan Vikas Patra	7.7	7.7	7.6	7.6	7.6	6.9	6.9	6.9
Pradhan Mantri Vaya Vandana Yojana								7.4

 

 

State Bank fixed deposit interest rates

 

 

Term of sbi bank fd interest rates	SBI intt rate for Senior Citizens	SBI intt rate for General Public
7 days to 45 days	3.4	2.9
46 days to 179 days	4.4	3.9
180 days to 210 days	4.9	4.4
211 days to less than 1 year	4.9	4.4
1 year to less than 2 years	5.4	4.9
2 years to less than 3 years	5.6	5.1
3 years to less than 5 years	5.8	5.3
5 years and up to 10 years	6.2	5.4