Interest rates for Small Savings Schemes in India - January 2019

Interest rates for Small Savings Schemes in India - January 2019


In the recent years, the Bank Interest rates are at low in India. The Past year 2018 ended with the stock market was not excessive earnings and the investment in Gold has been appreciated a little.


Inflation in India has been in the numbering of four percent and below in the past half year.The Consumer inflation in India were declined to 2.33 percent in the November of 2018. The RBI (Reserve Bank of India) had also  unchanged with its interest rates in the recent months.


The interest rates for small savings schemes recently announced by the Government of India, which has seen as the same by the past announcements. The New Interest rates for Small Savings Schemes in India are effect from January 1 to March 31, 2019.


Small Savings Interest Rate January 2019



  • The Basic Savings account rate were with the same rate of 4 Percent. This is applicable for Banks and Post Offices on Savings account are there is no maximum limit on this part of account.

  • For the One year Term Deposit, the interest rate is 7 Percent, previously it was at 6.90 % in the October-December 2018 quarter. Two years and Three years Term Deposit interest rate stands at 7 Percent. The interest rate of 7.80 % for the 5 years Term Deposit under small savings scheme.

  • The 5 year Recurring Deposit comes with an interest rate of 7.30 percent, which the previous quarter was also the same rate. 5 Years Senior Citizen (Sr.css) were at 8.70 percent is the highest rate in these Small Savings.

  • 5 Years National Savings Certificate (NSC) and Public Provident Fund (PPF) will get 8 percent rate in the Jan-Mar 2019 period. The Kisan Vikas Patra (KVP) have the interest rate of 7.70 percent and the Sukanya Samriddhi account for the Girl Child of  8.50 percent.


Depending on the economic change, the interest rate for small savings scheme can be changed, as we can expect with a higher rate.


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