Small Savings Schemes Interest Rates revised w.e.f 1st April, 2014

Small Savings Deposits Interest Rates from 01-04-2016 to 30-06-2016

Savings Deposit

Rate of interest w.e.f. 01.04.2015 to 31.3.2016

Rate of interest w.e.f. 01.04.2016 to 30.6.2016

Savings Deposit

4

4

1 Year Time Deposit

8.4

7.1

2 Year Time Deposit

8.4

7.2

3 Year Time Deposit

8.4

7.4

5 Year Time Deposit

8.5

7.9

5 Year Recurring Deposit

8.4

7.4

5 Year Senior Citizens Savings Scheme

9.3

8.6

5 year Monthly Income Account Scheme

8.4

7.8

5 Year National Savings Certificate

8.5

8.1

Public Provident Fund Scheme

8.7

8.1

Kisan Vikas Patra

8.7

7.8 (will mature in 110 months)

Sukanya Samriddhi Account Scheme

9.2

8.6

 

Small Savings Schemes Interest Rates revised w.e.f 1st April, 2014

The Government, based on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), announces revision of interest rates every financial year, to be notified before 1st April of that year. Accordingly with the approval of the Finance Minister, the rates of interest on various small savings schemes for the Financial Year 2014-15 effective from 01 April 2014, on the basis of the interest compounding/payment built-in in the schemes, shall be as under

 

Schemes

Revised Rates from 1st April 2014 (%)

Existing rate for 2013-2014 (%)

Post office Savings Deposit

4

4

1- Year Time Deposit

8.4

8.2

2 - Year Time Deposit

8.4

8.2

3- Year Time Deposit

8.4

8.3

5-Year Time Deposit

8.5

8.4

5 -Year Recurring Deposits

8.4

8.3

5  - Year Senior Citizens Savings Scheme (SCSS)

9.2

9.2

5- Year Monthly Income Scheme(MIS)

8.4

8.4

5- Year National Savings Certificate(NSC)

8.5

8.5

10 - Year National Savings Certificate (NSC)

8.8

8.8

Public Provident Fund (PPF)

8.7

8.7

 

 

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