Clarification on regulation of interest rates for Small Savings Schemes.

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..... ll savings schemes will be aligned with G-Sec rates of similar maturity with a spread of 25 basis points (bps), with two exceptions. The spread on 10 year National Savings Certificate (NSC) will be 50 bps and on Senior Citizens Savings Scheme, 2004 (SCSS, 2004) 100 bps. The interest rates for every financial year will be notified before April 01st of that year. Notifications on changes in the inte .....

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..... ar date, remains unchanged for the entire duration of the investment, till maturity, irrespective of the revisions in subsequent years. 4. The above clarification may be brought to the notice of the branches of your bank operating the PPF Scheme, 1968 and SCSS, 2004 advising them to display the same on their notice boards. - Circular - Trade Notice - Public Notice - Instructions - Office ord .....

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