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.
Source : PIB
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