Government Reduced Interest Rates on Small Savings Schemes for 2nd Quarter of Fin. Year 2017-18

Second Quarter Interest Rates on Small Saving Schemes

Financial Year 2017-18

Recently Government of India, Ministry of Finance issued a notification regarding Revision of Interest Rates for Small Saving Schemes on 30th June, 2017.  In this matter Government has been cleared the rate of interest on various small saving schemes for the 2nd Quarter of Financial Year 2017-18 starting from 1st July 2017 and ending on 30th September 2017, on the basis of the interest compounding payment built-in in the schemes shall be as under:

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Posted in: Interest Rates,Smart Investments