Revision of Interest Rates for Small Savings Schemes with Effect from 1st April 2012

 

Revision of Interest Rates for Small  Savings Schemes with Effect from 1st April 2012

Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial  year, before 1st April of that year.  Accordingly, the rate of interest on various small savings schemes for the financial year 2012-13 effective from 1.4.2012, on the basis of the interest compounding/ payment  built-in in the schemes, shall be as under:

Scheme

Rate of Interest w.e.f. 1.12.2011

Rate of Interest w.e.f. 1.4.2012

Savings Deposit

4.0

4.0

1 year Time Deposit

7.7

8.2

2 year Time Deposit

7.8

8.3

3 year Time Deposit

8.0

8.4

5 year Time Deposit

8.3

8.5

5 year Recurring Deposit

8.0

8.4

5 year SCSS

9.0

9.3

5 year MIS

8.2

8.5

5 year NSC

8.4

8.6

10 year NSC

8.7

8.9

PPF

8.6

8.8

 

Post Your Comments


Enter the above code

 
Comments
Latest Updates
  • Indian expatriates in the Gulf and those intending to go there on work should expand their initials in their ...
  • Taxman turns lens on domestic assets of high net-worth individuals The Income-Tax Department is zeroing in on ...
  • Levy Cheque return charges only if customer is at fault - RBI Circular
Recent Posts
Small Savings Scheme PPF,SCSC, Sukanya Samridhi NSC etc. Revised Interest Rates
Customs Baggage Rule
Budget 2016 Highlights (Direct Tax)
CHANGES IN CUSTOMS BAGGGE DECLARATION REGULATIONS
Economic Survey 2015-16
Interest Rates of Small Saving Schemes to be revised on a Quarterly Basis w. e. f 01/ 04 /2016
Government of India extended the last date for applying for conversion of PIO cards to OCI cards to June 30th 2016 from March 31.
Highlights of the Railway Budget 2015-16
Featured Video
  • Keralarealestatesite
  • NRI Guide 2013
  • NRI Guide 2013
  • Financial planning
  • Financialplanng
  • logo