Monday, December 22, 2014

Revision of Interest Rate

Press Information Bureau 

Government of India
Ministry of Finance

12-December-2014 17:12 IST
Revision of Interest Rate       
     
Interest rates on Small Savings Schemes are Administered Interest Rates, and are benchmarked to the average annual yield on Government Securities of comparable maturity in the secondary market with a suitable spread over the benchmark yield, depending upon the maturity and liquidity of the instruments. The interest rates of Small Savings Schemes have been benchmarked to G-Sec. yields of equivalent maturity with suitable spread and are reset every 1st April. 


Interest rates applicable on each Small Savings Scheme w.e.f. 1.4.2014 are as below:

Instrument
Rate of Interest (%) w.e.f 1.4.2014
Savings Deposit
4.0
1 Year Time Deposit
8.4
2 Year Time Deposit
8.4
3 Year Time Deposit
8.4
5 Year Time Deposit
8.5
5 Year Recurring Deposit
8.4
5 Year SCSS
9.2
5 Year MIS
8.4
5 Year NSC
8.5
10 Year NSC
8.8
PPF
8.7

             This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today.

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