Press Information Bureau
Government of India
Ministry of Finance
Government of India
Ministry of Finance
12-December-2014 17:12 IST
Revision of Interest
Rate
Interest rates on Small Savings Schemes are Administered
Interest Rates, and are benchmarked to the average annual yield on Government
Securities of comparable maturity in the secondary market with a suitable
spread over the benchmark yield, depending upon the maturity and liquidity of
the instruments. The interest rates of Small Savings Schemes have been
benchmarked to G-Sec. yields of equivalent maturity with suitable spread and
are reset every 1st April.
Interest rates applicable on each Small Savings Scheme
w.e.f. 1.4.2014 are as below:
|
Instrument
|
Rate of Interest (%) w.e.f 1.4.2014
|
|
Savings Deposit
|
4.0
|
|
1 Year Time Deposit
|
8.4
|
|
2 Year Time Deposit
|
8.4
|
|
3 Year Time Deposit
|
8.4
|
|
5 Year Time Deposit
|
8.5
|
|
5 Year Recurring Deposit
|
8.4
|
|
5 Year SCSS
|
9.2
|
|
5 Year MIS
|
8.4
|
|
5 Year NSC
|
8.5
|
|
10 Year NSC
|
8.8
|
|
PPF
|
8.7
|
This
was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in
written reply to a question in the Lok Sabha today.
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