Revised interest rates for Small Savings Schemes From 01-01-2017. New and Revised Rates for Small Savings Schemes applicable from 1st January 2017. Govt of India Revised Interest Rates on 30th Dec 2016 and New and Revised Rates are applicable from 1st January 2017 to 31st March 2017. Check Post Office Small Saving Schemes Revised Rates from Below…
Check Revised interest Rates for PF, Sukanya Yojana(Sukanya Samriddhi Yojana), NSC, Term Plans, Kisan Vikas Patra etc from below, we provide old and Revised Interest Rates in Below Table….
Check More details about these Schemes from below link…
Revised interest rates for Small Savings Schemes From 01-01-2017
Hi Friends Check Official Notification for Revision of interest rates for Small Savings Schemes 2017…
F. No. 1/0412016-NS.II
Government of India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi
Dated: December 30, 2016
Subject: Revision of interest rates for Small Savings Schemes.
The undersigned is directed to refer to this Department’s OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned.
2. On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the fourth quarter of financial year 2016-17 starting on 15` January. 2017 and ending on 31st March, 2017, on the basis of the interest compounding/payment built-in the schemes, shall be as under:
|Instrument||Rate of interest w.e.f. 01.10.2016 to 31.12.2016||Rate of interest w.e.f. 01.01.2017 to 31.03.2017||Compounding frequency*|
|1 Year Time Deposit||7.0||7.0||Quarterly|
|2 Year Time Deposit||7.1||7.1||Quarterly|
|3 Year Time Deposit||7.3||7.3||Quarterly|
|5 Year Time Deposit||7.8||7.8||Quarterly|
|5 Year Recurring Deposit||7.3||7.3||Quarterly|
|5 Year Senior Citizens Savings Scheme||8.5||8.5||Quarterly and paid|
|5 year Monthly Income Account Scheme||7.7||7.7||Monthly and paid|
|5 Year National Savings Certificate||8.0||8.0||Annually|
|Public Provident Fund Scheme||8.0||8.0||Annually|
|Kisan Vikas Patra||7.7 (will mature in 112 months)||7.7 (will mature in 112 months)||Annually|
|Sukanya Samriddhi Account Scheme||8.5||8.5||Annually|
3. This has the approval of Finance Minister.
Deputy Secretary to the Government of India
Department of Expenditure
Department of Revenue