April 04, 2015
Kalaivaraikalai
It was decided by the Government of India that interest rates on
Small savings Schemes will be linked to yields on government securities of
comparable maturity. In pursuance of that decision, the Government has decided
to revise the rates applicable on various small savings schemes as given in the
table below.
Scheme
|
Rate of interest
w.e.f.01.04.2014
|
Rate of Interest
w.e.f. 01.04.2015
|
(1)
|
(2)
|
(3)
|
Savings Deposit
|
4.0
|
4.0
|
1 Year Time Deposit
|
8.4
|
8.4
|
2 Year Time Deposit
|
8.4
|
8.4
|
3 Year Time Deposit
|
8.4
|
8.4
|
5 Year Time Deposit
|
8.5
|
8.5
|
5 Year Recurring Deposit
|
8.4
|
8.4
|
5 Year SCSS
|
9.2
|
9.3
|
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
|
Kisan Vikas Patra
|
8.7
|
8.7
|
Sukanya Samriddhi Account Scheme
|
9.1
|
9.2
|
The above rates will be effective from
tomorrow i.e. 1.4.2015.
Thus the rates on many of the small
savings scheme have undergone an upwards revision vis-Ã -vis 2014-15.
.bmp)
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