Latest Post Office Small Saving Schemes Interest rates Oct-Dec 2019

Latest Post Office Small Saving Schemes Interest rates Oct-Dec 2019

What is the applicable latest Post Office Small Saving Schemes Interest rates Oct-Dec 2019? The government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Oct-Dec 2019. Let us see the changes applicable with effective from 1st October 2019.

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.

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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“ and “Latest Post Office Small Saving Schemes Interest rates July-Sept 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 October 2019 to 31st December 2019.

Latest Post Office Small Saving Schemes Interest rates Oct-Dec 2019

Just to quickly recap, last quarter, the Government reduced the interest of all Post Office Small Saving Schemes Interest Rates (except savings account interest rate, which was retained at 4%) for the period of July to September for 10 basis points. It is all due to the falling interest rate in Bank FDs and also due to RBI reduced the interest rate in its recent monetary policy.

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

Latest Post Office Small Saving Schemes Interest rates Oct-Dec 2019

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

Below is the interest rate trend for the last one year.

Last one year Interest Rate movement of Post Office Savings Schemes 3rd Quarter 2019-20

You notice that after a long gap, even though the current interest………Read More>>

 

Source:- basunivesh

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