POST OFFICE INTEREST RATES REVISED- ORDERS ISSUED TODAY
The Finance Ministry (Budget Division) has issued an Office
Memorandum O.M.No: 6-1/2011-NS.II (Pt) dated 26.03.2012 for revision of Interest
Rates for various small saving schemes operated mainly through post offices and
PPF.
Based on the recommendations of Shyamala Gopinath Committee
for comprehensive review of National Small Savings Fund (NSSF), Government had
earlier taken the decision that interest rates of various small savings shall be
reviewed every financial year and revisions in the same to be notified before
1st of April of that year.
Accordingly the present revision in the interest rates of
various small saving scheme has been made. The following table provides the
revision made:
Scheme
|
Interest Rate w.e.f
1.12.2011
|
Interest Rate w.e.f
1.4.2012
|
Savings Deposit
|
4.0
|
4.0
|
1 year Time Deposit
|
7.7
|
8.2
|
2 year Time Deposit
|
7.8
|
8.3
|
3 year Time Deposit
|
8.0
|
8.4
|
5 year Time Deposit
|
8.3
|
8.5
|
5 year recurring deposit
|
8.0
|
8.4
|
5 year SCSS
|
9.0
|
9.3
|
5 year MIS
|
8.2
|
8.5
|
5 year NSC
|
8.4
|
8.6
|
10 year NSC
|
8.7
|
8.9
|
PPF
|
8.6
|
8.8
|
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