PRESS INFORMATION BUREAU
GOVERNMENT OF INDIA
***
REVISION
OF INTEREST RATES FOR SMALL SAVINGS SCHEMES WITH EFFECT
FROM 1st APRIL,2013
New Delhi, 25th March, 2013 4 Chaitra, 1935 (SAKA)
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 01.04.2013, on the basis of the interest compounding/ payment
built-in in the schemes, shall be as under :
|
Scheme
|
Rate of Interest w.e.f. 01.04.2012
|
Rate of Interest w.e.f. 01.04.2013
|
|
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
|
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