It was decided by the 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 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
Deposit
|
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 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
|
|
Kisan Vikas
Patra
|
8.7
|
8.7
|
|
Sukanya
Samriddhi Account Scheme
|
9.1
|
9.2
|
The above rates will be
effective from tomorrow i.e. 1.4.2015.
Thus the rates on many
of the small savings scheme have undergone an upwards revision vis-à-vis
2014-15.
PIB