Dear Visitors earlier we know that the small saving schemes rates has been revided from 01.11.2011 and now from 01.04.2012 the new revised Rate on Small Saving Schemes are declared by Ministry of Finance, Department of Economic Affairs (Budget Division) on 26th March 2012. The Office Memorandum as as below:
Tags: Interest Rates, Interest Calculator, PPF Interest, GPF Interest, EPF Interest
No.61/2011-NS-II(Pt.)
Ministry of Finance
Department of Economic Affairs
(Budget Division)
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Ministry of Finance
Department of Economic Affairs
(Budget Division)
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New Delhi, the 26th March, 2012
Office MemorandumSub: Revision of interest rates for small savings schemes.
The undersigned is directed to refer to Ministry of Finance's O.M. of even number dated 11th November, 2011, vide which the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned.
2. One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before rt April of that year. Accordingly, the 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 in the schemes, shall be as under:
3. Necessary notifications, including these requiring amendments to rule of small savings schemes will be notified separately.
4. This has the approved of Finance Ministry.
The undersigned is directed to refer to Ministry of Finance's O.M. of even number dated 11th November, 2011, vide which the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned.
2. One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before rt April of that year. Accordingly, the 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 in the schemes, shall be as under:
| Schemes | w.e.f. 1.12.2011 | w.e.f. 1.4.2012 |
| Savings Deposit | 4 | 4 |
| 1 year Time Deposit | 7.7 | 8.2 |
| 2 year Time Deposit | 7.8 | 8.3 |
| 3 year Time Deposit | 8 | 8.4 |
| 5 year Time Deposit | 8.3 | 8.5 |
| 5 year Recurring Deposit | 8 | 8.4 |
| 5 year SCSS | 9 | 9.3 |
| 5 year MIS | 8.2 | 8.5 |
| 5 year NSC | 8.4 | 8.6 |
| 10 year NISC | 8.7 | 8.9 |
| PPF | 8.6 | 8.8 |
4. This has the approved of Finance Ministry.
Sd/-
(Shaktikanta Das)
Addl. Scretary of the Govt. of India.
(Shaktikanta Das)
Addl. Scretary of the Govt. of India.
Tags: Interest Rates, Interest Calculator, PPF Interest, GPF Interest, EPF Interest
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