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Tuesday, April 14, 2015

REVISION OF INTEREST RATES WEF 01-04-2015

Revision of interest rates for small savings schemes for the Financial Year 2015-2016

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
Click here to view Department of Economic Affairs (Budget Division) OM No. 6/01/2011-NS.II dated 31.03.2015 on the above subject matter.

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