Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2024
SB Order No. 01/2024, issued by the Government of India, Ministry of Communications, Department of Posts, announces that the interest rates for Small Savings Schemes will remain unchanged for the first quarter of financial year 2024-25, in line with the rates set for the preceding quarter of FY 2023-24. The memorandum, dated 08.03.2024, specifies this directive from the Ministry of Finance, Department of Economic Affairs (Budget Division).
SB Order No. 01/ 2024
No. 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(F.S. Division)
Dak Bhawan, New Delhi – 110001
Dated: 21.03.2024
To
All Heads of Circles / Regions
Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2024.
Madam/Sir,
The undersigned is directed to say that, vide memorandum No. 1/4/2019-NS dated 08.03.2024 (copy enclosed), Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rates of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2024-25 (starting from 1st April, 2024 and ending on 30th June, 2024) shall remain unchanged from those notified for the fourth quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24.
2. It is requested to circulate it to all concerned for information and necessary guidance. Same may also be placed on the notice board of all Post Offices in public area.
3. This issues with the approval of Competent Authority.
Encl: As above. .
(Devender Kumar Sharma)
Asst. Director (SB-II)
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