Kisan Vikas Patras Reintroduced to Boost Small Savings

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..... Kisan Vikas Patras Reintroduced to Boost Small Savings
News and Press Release
Dated:- 13-12-2014

To address decline in small savings and improve returns to small savers, Government has p .....

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..... roposed to revitalize small savings. Kisan Vikas Patras have been reintroduced and notified. A scheme for Girl Child to cater to requirements of education and marriage have been notified. The Governm .....

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..... ent has also enhanced annual investment ceiling on Public Provident Fund Scheme from ₹ 1.00 lakh to ₹ 1.50 lakh. Government is running 'Senior Citizens Savings Scheme'. The rate of intere .....

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..... st on small savings schemes has been aligned with the G-Sec rates of similar maturity, with a spread of 25 basis points (bps) with exception of Senior Citizens Savings Scheme. The spread on Senior Cit .....

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..... izens Savings Scheme is 100 bps. This information was given by the Minister of State of Finance, Shri Jayant Sinha in written reply to a question in Lok Sabha.
News - Press release - PIB .....

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