Department of periodically changed their interest rates of Small savings schemes. This is divided by four quarter in a financial year. The Revised Interest Rate Of POSB Scheme w.e.f April 2019 is circulate below.
Government of India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi
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 first quarter of financial year 2019-20 staring 1st April, 2019 and ending on 30th June, 2019 shall remain unchanged from those notified for the fourth quarter of financial year 2018-19.
2. This has the approval of Finance Minister.
(Akhilesh Kumar Misra)
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Check out the previous interest rates declared by DOP with SB Order no. 14/2018.