The interest rates on various small savings schemes for the Year 2014-15 effective from 01.04.2014 are revised as follows with the approval of the finance Ministry.
Scheme
|
Rate of interest
w.e.f.01.04.2013
|
Rate of Interest
w.e.f. 01.04.2014
|
1.
|
2.
|
3.
|
Savings Deposit
|
4.0
|
4.0
|
1 Year Time Deposit
|
8.2
|
8.4
|
2 Year Time Deposit
|
8.2
|
8.4
|
3 Year Time Deposit
|
8.3
|
8.4
|
5 Year Time Deposit
|
8.4
|
8.5
|
5 Year Recurring
Deposit
|
8.3
|
8.4
|
5 Year SCSS
|
9.2
|
9.2
|
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
|
The necessary notifications will be notified separately in this regard in due course.
Source : PIB
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