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 2012-13 effective from 1.4.2012, on the basis of the interest
compounding/payment built-in in the schemes, shall be as under:
|
Scheme
|
Rate of Interest w.e.f. 1.12.2011
|
Rate of Interest 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
|
|
To View the original letter from Ministry of finance
|
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