GOVERNMENT ANNOUNCES INTEREST RATES FOR VARIOUS SMALL SAVINGS SCHEMES; RATES TO COME INTO FORCE WITH EFFECT FROM 01-04-2015

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..... GOVERNMENT ANNOUNCES INTEREST RATES FOR VARIOUS SMALL SAVINGS SCHEMES; RATES TO COME INTO FORCE WITH EFFECT FROM 01-04-2015
News and Press Release
Dated:- 1-4-2015

It was decided by the .....

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..... Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to .....

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..... revise the rates applicable on various small savings schemes as given in the table below. Scheme Rate of interest w.e.f.01.04.2014 Rate of Interest w.e.f. 01.04.2015 1. 2. 3. Savings Deposi .....

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..... t 4.0 4.0 1 Year Time Deposit 8.4 8.4 2 Year Time Deposit 8.4 8.4 3 Year Time Deposit 8.4 8.4 5 Year Time Deposit 8.5 8.5 5 Year Recurring Deposit 8.4 8.4 5 Year SCSS 9.2 9.3 5 Ye .....

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..... ar MIS 8.4 8.4 5 Year NSC 8.5 8.5 10 Year NSC 8.8 8.8 PPF 8.7 8.7 Kisan Vikas Patra 8.7 8.7 Sukanya Samriddhi Account Scheme 9.1 9.2 The above rates will be effective from 01.04.2015 .....

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..... . Thus the rates on many of the small savings scheme have undergone an upwards revision vis-à-vis 2014-15.
News - Press release - PIB .....

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