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Quarterly Revision of Interest Rates for Small Savings Schemes

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..... Quarterly Revision of Interest Rates for Small Savings Schemes
News and Press Release
Dated:- 20-6-2016

Press Information Bureau Government of India Ministry of Finance 20-June-2016 .....

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..... 17:11 IST On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings s .....

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..... chemes for the second quarter of financial year 2016-17, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: Instrument Rate of interest w.e.f. 01.04.2016 to .....

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..... 30.6.2016 Rate of interest w.e.f. 01.07.2016 to 30.9.2016 Compounding frequency Savings Deposit 4.0 4.0 Annual 1 Year Time Deposit 7.1 7.1 Quarterly 2 Year Time Deposit 7.2 7.2 Quarterl .....

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..... y 3 Year Time Deposit 7.4 7.4 Quarterly 5 Year Time Deposit 7.9 7.9 Quarterly 5 Year Recurring Deposit 7.4 7.4 Quarterly 5 Year Senior Citizens Savings Scheme 8.6 8.6 Quarterly and pai .....

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..... d 5 year Monthly Income Account Scheme 7.8 7.8 Monthly and paid 5 Year National Savings Certificate 8.1 8.1 Annual Public Provident Fund Scheme 8.1 8.1 Annual KisanVikasPatra 7.8 (will .....

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..... mature in 110 months) 7.8 (will mature in 110 months) Annual SukanyaSamriddhi Account Scheme 8.6 8.6 Annual ***** AR/KA
News - Press release - PIB .....

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