9911796707
TMI BlogRevision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15 AnnouncedX 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 for the Financial Year 2014-15 Announced X X X X Extracts X X X X X X X X Extracts X X X X ..... n the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned by the Government through its Office Memoran ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dum dated 11th November, 2011. One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st 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 01.04.2014, on the ba ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sis of the interest compounding/payment built-in in the schemes, shall be as under : Scheme Rate of interest w.e.f.01.04.2013 Rate of Interest w.e.f. 1.04.2014 1. 2. 3. Savings Deposit 4.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. X X X X Extracts X X X X X X X X Extracts X X X X
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