Ministry of Finance Office Memorandum (F. No. 1/04/2016-NS.ll) dated 18 March 2016
The rates of interest on various small savings schemes for the first quarter of financial year 2016-17 as under:
|
Instrument |
Rate of interest w.e.f. 01.04.2015 to 31.3.2016 |
Rate of interest w.e.f. 01.04.2016 to 30.6.2016 |
|
Savings Deposit |
4.0 |
4.0 |
|
1 Year Time Deposit |
8.4 |
7.1 |
|
2 Year Time Deposit |
8.4 |
7.2 |
|
3 Year Time Deposit |
8.4 |
7.4 |
|
5 Year Time Deposit |
8.5 |
7.9 |
|
5 Year Recurring Deposit |
8.4 |
7.4 |
|
5 Year Senior Citizens Savings Scheme |
9.3 |
8.6 |
|
5 year Monthly Income Account Scheme |
8.4 |
7.8 |
|
5 Year National Savings Certificate |
8.5 |
8.1 |
|
Public Provident Fund Scheme |
8.7 |
8.1 |
|
Kisan Vikas Patra |
8.7 |
7.8 (will mature in 110 months) |
|
Sukanya Samriddhi Account Scheme |
9.2 |
8.6 |
Ministry of Finance Office Memorandum (F. No. 1/04/2016-NS.ll) dated 18 March 2016
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