Interest Rates of Post Office Small Saving Schemes Cut Down w.e.f 01.04.2013
REVISION OF INTEREST RATES FOR SMALL SAVINGS
SCHEMES WITH EFFECT
FROM 1ST APRIL,2013
New Delhi, 25th March, 2013
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
|
Present Rate
of Interest
|
Rate of
Interest w.e.f 01.04.2013
|
Remarks
|
PPF
|
8.8
|
8.7
|
|
MIS
|
8.5
|
8.4
|
|
NSC 5 YEAR
|
8.6
|
8.5
|
|
NSC 10 YEAR
|
8.9
|
8.8
|
|
SCSS
|
9.3
|
9.2
|
|
RD
|
8.4
|
8.3
|
|
1 YEAR TD
|
8.2
|
8.2
|
NO CHANGE
|
2 YEAR TD
|
8.3
|
8.2
|
|
3 YEAR TD
|
8.4
|
8.3
|
|
5 YEAR TD
|
8.5
|
8.4
|
|
Saving
Deposit
|
4.0
|
4.0
|
NO CHANGE
|
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