Revision of interest rates for Small Savings Scheme from 1st Oct, 2016 to 31st Dec, 2016
Instruments
|
Rate of interest
w.e.f. 01.07.2016 to 30.09.2016 |
Rate of interest
w.e.f. 01.10.2016 to 31.12.2016 |
Compounding
frequency* |
Saving Deposit
|
4.0
|
4.0
|
Annually
|
1 Year Time Deposit
|
7.1
|
7.0
|
Quarterly
|
2 Years Time Deposit
|
7.2
|
7.1
|
Quarterly
|
3 Years Time Deposit
|
7.4
|
7.3
|
Quarterly
|
5 Years Time Deposit
|
7.9
|
7.8
|
Quarterly
|
5 Years Recurring Deposit
|
7.4
|
7.3
|
Quarterly
|
5 Years Senior Citizens Savings Scheme
|
8.6
|
8.5
|
Quarterly and paid
|
5 Years Monthly Income Account Scheme
|
7.8
|
7.7
|
Monthly and paid
|
5 Years National Savings Certificate
|
8.1
|
8.0
|
Annually
|
Public Provident Fund Scheme
|
8.1
|
8.0
|
Annually
|
Kisan Vikas Patra
|
7.8
(will mature in 110 months) |
7.7
(will mature in 112 months) |
Annually
|
Sukanya Samriddhi Account Scheme
|
8.6
|
8.5
|
Annually
|
