TMI BlogRevision of Interest Rates for Small Savings Schemes with Effect from 1st April 2012.X X X X Extracts X X X X X X X X Extracts X X X X ..... Revision of Interest Rates for Small Savings Schemes with Effect from 1st April 2012. - News and Press Release Dated:- 26-3-2012 - News - Press Information Bureau Government of India Ministry of Finance 26-March-2012 18:50 IST Revision of Interest Rates for Small Savings Schemes with Effect from 1st April 2012 Based on the decisions taken by the Government on the recommenda ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions 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 1 st 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 buil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t-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 ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar 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 Necessary notifications, including those requiring amendments to rules of small savings schemes will be notified separately. DSM/SS/H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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