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CENTRAL GOVT EMPLOYEES NEWS

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LATEST CENTRAL GOVERNMENT EMPLOYEES NEWS
Central Government Offices Holidays 2021
Freezing of Dearness Allowance and Dearness Relief – Finmin Orders 2020
DA Loss Calculation Table 2020

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

Revision of Interest Rates for National Small Savings Schemes 01-10-2020 to 31-12-2020

October 7, 2020

SB Order 33/2020 : Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.10.2020

National Small Savings Schemes Interest Rates 2020 | Revision of interest rates for Small Savings Schemes

e.F.No I 13-03/2017-SB(Pt.1)
Govt. of India
Ministry of Communications
Department of Posts
(FS. Division)

Dak Bhawan, New Delhi-110001
Dated: 01.10.2020

To.

All Head of Circles/Regions

Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.10.2020

Sir/Madam

The undersigned is directed to say that vide memorandum No. 01104/2019-NS dated 30.09.2020 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) have informed that the rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2020-21 (starting from 1st October ,2020 and ending on 31st December, 2020) shalt remain unchanged from those notified for the second quarter of Financial Year 2020-21 (01st July,2020 to 30th September,2020). The details are indicated below for ready reference

Central Government Offices Holidays 2021
SI.No. Instruments Rate of interest w.e.f.01.07.2020 to 30.09.2020 Rate of interest w.e.f 01.10.2020 to 31.12.2020 (Unchanged) Compounding Frequency*
01. Post Office Savings Account 4.0 4.0 Annually
02. 1 Year Time Deposit 5.5 5.5 Quarterly
03. 2 Year Time Deposit 5.5 5.5 Quarterly
04. 3 Year Time Deposit 5.5 5.5 Quarterly
05. 5 Year Time Deposit 6.7 6.7 Quarterly
06. 5 Year Recurring Deposit Scheme 5.8 5.8 Quarterly
07. Senior Citizen Savings Scheme 7.4 7.4 Quarterly and Paid
08. Monthly Income Account 6.6 6.6 Monthly and paid
09. National Savings Certificate (VIIlth Issue) 6.8 6.8 Annually
10. Public Provident Fund Scheme 7.1 7.1 Annually
11. Kisan Vikas Patra 6.9 (will mature in 124 months) 6.9 (will mature in 124 months) Annually
12. Sukanya Samriddhi Account Scheme 7.6 7.6 Annually

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.
This issues with the approval of Competent Authority

Related News:

  1. Revision of Interest Rates for Small Savings Schemes 01-07-2020 to 30-09-2020
  2. Reimbursement of Newspapers Bills to Officers at Their Residence – Department of Posts
  3. Rates of Reversionary Bonus on the Postal Life Insurance Policies
  4. Mumbai Region Guidelines for Employees to attending Office During Lockdown Period
  5. Revision of National Savings Scheme Interest Rate from April to June 2020
  6. Recruitment Amendment Rules 2020 Department of Posts Postman and Mail Guard (Group’C’ post)
  7. Department of Posts-Processing of Registered Packets at Parcel Hubs
  8. Allow Department of Posts to use the local/suburban trains in Mumbai and MMR
  9. Department of Posts Guidelines for protection and safety of Persons with Disabilities (Divyangjan) during COVID-19
  10. Regarding clarification on issuance of duplicate certificates (KVP/NSC)

ALLOWANCE NEWS

Travelling Allowance – Reimbursement of Travelling Charges Admissible under Daily Allowance on tour

Transport Allowance for Central Govt Employees During Nation-wide Lockdown due to COVID-19 Pandemic

7th Pay Commission Risk Allowance to Central Govt Employees – Dopt Order

7th CPC Night Duty Allowance to Railway Employees w.e.f. 01-07-2017

Review of Cost of Over Time Allowance and Travelling Allowance to Railway Servants

GDS Latest News 2020

Compensation of Rs.10 lakhs to GDS to Cover Death Due to Covid-19

Counting of Service of GDS for Grant of Pension

Provision of Ten lakh to GDS and Postal Employees of Department of Posts due to COVID19 Death

Increase Awareness of Welfare Scheme for Department of Postal and GDS Employees

Revision in Rule 4 of Gramin Dak Sevaks (Conduct and Engagement) Rules, 2020

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