National Small Savings Fund (NSSF) Schemes - Revision of interest rates for small savings schemes

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..... National Small Savings Fund (NSSF) Schemes - Revision of interest rates for small savings schemes - News and Press Release Dated:- 27-3-2012 - News - National Small Savings Fund (NSSF) Schemes - Revision of interest rates for small savings schemes Office Memorandum [No. 6-1/2011-NS.II(Pt.)], dated 26-3-2012 The undersigned is directed to refer to Ministry of Finance's O.M. of even number .....

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..... dated 11th November, 2011, vide which the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned. 2. One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to .....

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..... be notified before 1st April of that year. Accordingly, the rates 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 .....

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..... 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 .....

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..... 8.7 8.9 PPF 8.6 8.8 3. Necessary notifications, including those requiring amendments to rules of small savings schemes will be notified separately. 4. This has the approval of Finance Minister. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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