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.

  • Post Office Savings Schemes -Changes effective from 1st, April 2016
  • Premature closure of PPF account – New Rules 2016


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.

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

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

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 rate reduced to 10 basis points, but in the last one year, the period of July-Sept 2018 was the lowest. After that, it is a steady up and down but not so drastic fall like 2nd quarter 2018.

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  • All about Kisan Vikas Patra (KVP)-2014
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Author: Sham