REVISION OF INTEREST RATES FOR SMALL SAVINGS SCHEMES WITH EFFECT FROM 1st APRIL, 2013
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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