Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15 Announced

The Government, based on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), announces revision of interest rates every financial year, to be notified before 1st April of that year. Accordingly with the approval of the Finance Minister, the rates of interest on various small savings schemes for the Financial Year 2014-15 effective from 01 April 2014, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: Scheme Rate of interest w.e.f.01.04.2013 Rate of Interest w.e.f. 01.04.2014Savings Deposit 4 41 Year Time Deposit 8.2 8.42 Year Time Deposit 8.2 8.43 Year Time Deposit 8.3 8.45 Year Time Deposit 8.4 8.55 Year Recurring Deposit 8.3 8.45 Year SCSS 9.2 9.25 Year MIS 8.4 8.45 Year NSC 8.5 8.510 Year NSC 8.8 8.8PPF 8.7 8.7

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