Sunday, 9 March 2014

Revision of Interest Rates for Small Savings Schemes w.e.f 01.04.2014

The interest rates on various small savings schemes for the  Year 2014-15 effective from 01.04.2014 are revised as follows with the approval of the finance Ministry.
 



Scheme

Rate of interest

w.e.f.01.04.2013

Rate of Interest

w.e.f. 01.04.2014

1.

2.

3.

 Savings Deposit

4.0

 

4.0

 

 1 Year Time Deposit

8.2

8.4

 2 Year Time Deposit

8.2

8.4

 3 Year Time Deposit

8.3

8.4

 5 Year Time Deposit

8.4

8.5

 5 Year Recurring

Deposit

8.3

8.4

 5 Year SCSS

9.2

9.2

 5 Year MIS

8.4

8.4

 5 Year NSC

8.5

8.5

 10 Year NSC

8.8

8.8

PPF

8.7

8.7 

The necessary notifications will be notified separately in this regard in due course. 

Source : PIB

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