It was decided by
the Government of India that interest rates on Small savings Schemes will be
linked to yields on government securities of comparable maturity. In pursuance
of that decision, the Government has decided to revise the rates applicable on
various small savings schemes as given in the table below.
Scheme
|
Rate of
interest
w.e.f.
01.04.2014
|
Rate of
Interest
w.e.f.
01.04.2015
|
1.
|
2.
|
3.
|
Savings
Deposit
|
4.0
|
4.0
|
1
Year Time Deposit
|
8.4
|
8.4
|
2
Year Time Deposit
|
8.4
|
8.4
|
3
Year Time Deposit
|
8.4
|
8.4
|
5
Year Time Deposit
|
8.5
|
8.5
|
5
Year Recurring Deposit
|
8.4
|
8.4
|
5
Year SCSS
|
9.2
|
9.3
|
5
Year MIS
|
8.4
|
8.4
|
5
Year NSC
|
8.5
|
8.5
|
10
Year NSC
|
8.8
|
8.8
|
PPF
|
8.7
|
8.7
|
Kisan
Vikas Patra
|
8.7
|
8.7
|
Sukanya
Samriddhi Account Scheme
|
9.1
|
9.2
|
The above
rates will be effective from 1.4.2015.
Thus the
rates on many of the small savings scheme have undergone an upwards revision
vis-à-vis 2014-15.
