×
×

DEPARTMENTS

Small saving

×
SMALL SAVINGS

  • SMALL SAVINGS

    • About the Department

    The main role of ‘Small Savings’ Department is to create awareness among the peopleand encourage citizens to invest in Small Savings Scripts Schemes for their ownbenefit . To appoint SAS / MPKBY Agents in Chennai City and to achieve the SmallSavings Collection.

Objectives of the Department
  • To bring awareness among the people and to invest in Small SavingsScrip.
  • Appointment of Standardized Agency System (SAS) / Mahila PradhanKshetriyaBachat Yojana (MPKBY ) Agent
  • Undertake promotional activities like street campaigns, Publicity throughPrint Media.
  • Redressal grievances of investors and agents and generate Employmentto the unemployed youth and other sections of the Society.
  • In order to inculcate the habit for thrifts and savings habits in childhooditself, various competition and cultural programs are conducted, amongSchool Students and Prizes are Distributed during World ThriftCelebrations every year.
  • In order to improve and to mobilize more small savings collection, Prizesand Awards are given to Small Savings Agents at State Level / DistrictLevel / Zonel Level awards are given in the form of NSC’s to the Agents.
  • Antenatal Registration and provision of Antenatal and postnatal care.

  • Contact Us

For appointment and renewal of SAS / MPKBY Agents and redressal of investorsand Agent's grievances, the Assistant Director of Small Savings, Greater ChennaiCorporation may be contacted in person or over Phone No : 044 28581666

  • LETTER NO.F.NO.1/04/2019 – NS DATED 30.12.2020 - RATE OFINTEREST FOR THE SMALL SAVINGS DEPARTMENT OF ECONOMICAFFAIRS, GOVERNMENT OF INDIA, NEW DELHI.

 

 

 

Sl. No.

 

 

 

Type of Scheme

Rate of Interest with effect from 01.04.2020 to 30.06.2020

Rate of Interest with effect from 01.07.2020 to 30.09.2020

Rate of Interest with effect from 01.10.2020 to 31.02.2020

Rate of Interest with effect from 01.01.2021 to 31.03.2021

 

 

Compounding Frequency

1

Savings Deposit (POSA)

4.0

4.0

4.0

4.0

Annually

Time Deposit

2

1 Year Time Deposit

5.5

5.5

5.5

5.5

Quarterly

3

2 Year Time Deposit

5.5

5.5

5.5

5.5

Quarterly

4

3 Year Time Deposit

5.5

5.5

5.5

5.5

Quarterly

5

5 Year Time Deposit

6.7

6.7

6.7

6.7

Quarterly

6

5 Year Recurring Deposit PORD

5.8

5.8

5.8

5.8

Quarterly

7

5 Year Senior Citizen Savings Scheme (SCSS)

7.4

7.4

7.4

7.4

Quarterly and Paid

8

5 Year Monthly Income Savings (MIS)

6.6

6.6

6.6

6.6

Monthly and Paid

9

5 Year Nations Savings Certificate (NSC)

6.8

6.8

6.8

6.8

Annually

10

Public Provident Fund

7.1

7.1

7.1

7.1

Annually

11

Kisan Vikas Patra (KVP)

6.9

(will mature in 124 Months)

6.9

(will mature in 124 Months)

6.9

(will mature in 124 Months)

6.9

(will mature in 124 Months)

Annually

12

Sukanya  Samriddhi Account Scheme (SSA)

7.6

7.6

7.6

7.6

Annually