Small Savings

Small Savings   deposits in both post office and banks plays a vital role in saving the  money of public in the most safest and secure way.The interest rates are also high .Small Savings Incentive coupons given in Rs 2,000 deposit in post office and banks in K.V.P.MIS,NSC,SCSS,RD,Sukanya Samrudhi, PPF and 5 year T.D .

Interest chart of Small Savings from 01.07.2019 till 30.09.2019
Instrument Rate of interest w.e.f 01.04.2019 to 30.06.2019 Rate of interest w.e.f 01.07.2019 to 30.09.2019 Compounding frequency
Savings Deposit 4.0 4.0 Annually
1 year Time Deposit 7.0 6.9 Quarterly
2 year Time Deposit 7.0 6.9 Quarterly
3 year Time Deposit 7.0 6.9 Quarterly
5 year Time Deposit 7.8 7.7 Quarterly
5 year Recurrring Depodsit 7.3 7.2 Quarterly
5 year Senior Citizen Savings Scheme 8.7 8.6 Quarterly and paid
5 Year Monthly Income Account 7.7 7.6 Monthly and Paid
5 Year National Savings Certificate 8.0 7.9 Annually
Public Provident Fund Scheme 8.0 7.9 Annually
Kisan Vikas Patra 7.7( will mature in 112 months) 7.6( will mature in 113 Months) Annually
Sukanya Samridhi Account Scheme 8.5 8.4 Annually

There are  56 SAS agents and 77 MPKBY agents are working in Jharsuguda District.In the year  2018-19 the Net  Small Savings Collection  Target   was  75 Crores and the achievement was 156,90 Crores which is 1295.87%.  Till May 2019 the net Small Savings collection is 16,64  Crores. In Odisha Small Savings Incentive Scheme for AP series  total numbers of 1,78,859 coupons were issued to the respective prize winners against target given 1,70,000 .The Website  opens from   1st August   till 28 February. The Lottery draw  of AP  series was held on 30th June,2019.