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........ CITIZENS DUTY & SLOGAN ::: It shall be the duty of every Citizen of India to defend the Country and render National service when called upon to do so ... SLOGAN ::: "That loyalty to the Country becomes ahead of all other loyalties. And this is an absolute loyalty since one can not weight it in terms of what one receives" (Lal Bahadur Shastri) ..... # Stay at home, be safe and extend support in fight against COVID-19 ......... .......

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......... .............. CONGRATULATIONS TO THE SELECTED CANDIDATES FOR THE POSTS OF GDS .........................Shri Kamalesh Chandra Committee recommendations are being implemented from 01-07-2018 after the Cabinet approval on 06th June 2018....

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Tuesday, March 4, 2014

REVISION OF INTEREST RATES OF POST OFFICE SMALL SAVINGS SCHEMES FOR 2014-2015

Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15
Press Information Bureau
Government of India
Ministry of Finance
04-March-2014

Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15 Announced

            Various decisions taken by the Government of India on 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 Memorandum 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 1st 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 basis 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. 01.04.2014
(1)
(2)
(3)
Savings Deposit
4.0
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 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

 Source:PIB