Interest rates for Small Savings Schemes from 01.10.2019 to 31.12.2019, shall remain unchanged
SB Order 10/2019
F.No 113-03/2017-SB
Govt. of India
Ministry of Communication
Department of Posts (F.S. Division)
Dak Bhawan, New Delhi-110001
Dated: 01.10.2019
To,
All Head of Circles/Regions
Addl. Director General, APS, New Delhi
Subject ; Revision of interest rates for Small Savings Schemes.
Sir/Madam,
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.
Your faithfully,
Sd/-
(R.C. Phogat)
Assistant Director(SB-I)
F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 30.09.2019
Office Memorandum
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.
Sd/-
(Sunil Chaudhari)
Deputy Secretary (Budget)
Source: Deptt of Posts and Finance Ministry
3 comments
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