REVISION OF
INTEREST RATES FOR SMALL SAVINGS SCHEMES
WITH EFFECT FROM 1-4-2013
WITH EFFECT FROM 1-4-2013
Based on the decisions taken
by the Government on the recommendations of the Shyamala Gopinath Committee for
Comprehensive Review of National Small Savings Fund (NSSF), the interest rates
for small saving schemes are to be notified every financial year, before 1st
April of that year. Accordingly, the rate of interest on various small savings
schemes for the financial year 2013-14 effective from 1-4-2013, on the basis of
the interest compounding/payment built-in in the schemes, shall be as under :
Scheme
|
Rate of Interest w.e.f. 1-4-2012
|
Rate of Interest w.e.f. 1-4-2013
|
1
|
2
|
3
|
Savings Deposit
|
4.0
|
4.0
|
1 Year Time Deposit
|
8.2
|
8.2
|
2 Year Time Deposit
|
8.3
|
8.2
|
3 Year Time Deposit
|
8.4
|
8.3
|
5 Year Time Deposit
|
8.5
|
8.4
|
5 Year Recurring Deposit
|
8.4
|
8.3
|
5 Year SCSS
|
9.3
|
9.2
|
5 Year MIS
|
8.5
|
8.4
|
5 Year NSC
|
8.6
|
8.5
|
10 Year NSC
|
8.9
|
8.8
|
PPF
|
8.8
|
8.7
|