Pages

Monday, March 26, 2012

Revision of interest rates for small savings schemes.


With effect  01.04.2012   
Rates 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 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

No comments:

Post a Comment