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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