Latest Post Office Small Saving Schemes Interest rates Jan-Mar 2020

What is the applicable latest Post Office Small Saving Schemes Interest rates Jan-Mar 2020? The government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Jan-Mar 2020. Let us see the changes applicable with effective from 1st January 2020.

Earlier the interest rates used to be announced on yearly once. However, now from 2016-17, the rate of interest will be fixed on a quarterly basis. I already wrote a detailed post on this. I am providing the links to those earlier posts below.

Based on these new changes, now onward interest rate will be declared on a quarterly basis. The earlier quarters (FY 2016-17 and FY 2019-20) interest rate can be viewed in my earlier posts “Interest of PPF KVP NSC SCSS and Sukanya Samriddhi for April-June 2016“, “PPF and Sukanya Samriddhi Scheme interest rate July-Sept 2016“, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Oct-Dec 2016”, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Jan-Mar 2017“, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates April-June 2017“, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates July-Sept 2017“, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Oct-Dec 2017?., “Latest Post Office Small Saving Schemes Interest rates Jan-March 2018“, “Latest Post Office Small Saving Schemes Interest rates Apr-June 2018“ “Latest Post Office Small Saving Schemes Interest rates July-Sept 2018“, “Latest Post Office Small Saving Schemes Interest  ”, “Latest Post Office Small Saving Schemes Interest rates Jan-Mar 2019“, “Latest Post Office Small Saving Schemes Interest rates April-June 2019“, “Latest Post Office Small Saving Schemes Interest rates July-Sept 2019“ and ” Latest Post Office Small Saving Schemes Interest rates Oct-Dec 2019“.

Below is the timetable for change in interest rates for all Post Office Savings Schemes.

Post Office Interest Rate changing Time Table

As per the schedule, Government announced the interest rate applicable to all Post Office Savings Schemes from 1st January 2020 to 31st March 2020.

Latest Post Office Small Saving Schemes Interest rates Jan-Mar 2020

Just to quickly recap, last quarter, the Government unchanged the interest of all Post Office Small Saving Schemes Interest Rates for the period of October-December 2019.

However, this time also the Government kept the rates unchanged. 

Latest Post Office Small Saving Schemes Interest rates Jan-Mar 2020

Post Office Small Saving Schemes Interest rates trend of last one year

Below is the interest rate trend of last one year.

Last one year Interest Rate movement of Post Office Savings Schemes

You notice that for a few quarters even though there is a fall in interest rate, the Government kept the small savings interest rate almost the same.

Refer to our posts related to Post Office Small Savings.

11 Comments

  1. Is maximum limit of Rs.1500000/– saving in SCSS is increased to Rs.2500000/–

    Reply
  2. sir, post office RD opened on jan 2015 is mautured on jan 2020. if this amount extended again 5 years what is rate of interest now

    Reply

    Reply
    • Dear Gayathri,
      It will as per the prevailing interest rate BUT NOT THE OLD RATE.

      Reply
  3. When I checked with my nearest post office, they pretty much redirected me to a few agents. I was surprised to see that being a Govt organization, they are running syndicate of the agency. what should be the best way to avoid these agents and invest in PO products?

    Reply
  4. Sir,
    Can you please clarify that for RD, whether the interest rate is fixed for the 5 year period based on start of RD or it also keeps varying every quarter like PPF? And Post office RD is compounded quarterly right? So, will it be a good product for people looking for a 5 year horizon (currently in 10% tax bracket and may be in 20/30% tax bracket after five years)?
    Thank you for your posts.

    Reply
    • Dear Nivesh,
      It is as per the prevailing interest rate at the time of opening RD. Such quarterly changes will not affect to RD. Whether RD is good or not depends on many factors. I can’t suggest BLINDLY.

      Reply
      • Thank you sir

        Reply
  5. Applicable from 1jan 2020, not 1 jan 2010 typing mistake. Please correct.

    Reply

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