F.No.1/04/2016-NS.II
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: December 30,2016
OFFICE MEMORANDUM
Subject: Revision of Interest Rates for Small Savings Schemes.
The undersigned in 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 1st January, 2017 and ending on 31st March 2017, on the basis of the interest compounding/payment built-in the schemes, shall be as under :
* No change
3. This has the approval of Finance Minister.
Sd/-
(Vyasan R.)
Deputy Secretary to Government of India
Tele: 01123092326
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