Revision in interest Rates of Small Savings Schemes wef 1st April 2012

DG Post No. 113-01/2011-SB dated 30-03-2012

Subject: Revision in interest Rates of Small Savings Schemes wef 1^st April 2012

            The undersigned is directed to say that vide its OM No. 6-1/2011-NS-II(Pt.) dated 26-03-2012, Ministry of Finance (DEA) has revised interest rates of Small Savings Schemes from 1^st April 2012. Detail about old and revised rates is given below:

INTEREST RATE TABLE
Name of Scheme	Period	Interest rates From 1.12.2011	Interest rates From 1.4.2012
Savings Accounts	General	4.00 %	4.00 %
Time Deposit	1 Years	7.7 %	8.20 %
	2 Years	7.8 %	8.30 %
	3 Years	8.0 %	8.40 %
	5 Years	8.3 %	8.50 %
5 Years Recurring Deposit	5 Years	8.0 %	8.40 %
Monthly Income Account	5 Years	8.2 %	8.50 %
Sr. Citizen Savings Scheme Account	5 Years	9 %	9.30 %
Public Provident Fund Scheme Account	15 Years	8.6 %	8.80 %
National Savings Certificates (VIIIth) issue	5 Years	8.4 %	8.60 %
National Savings Certificate (IX issue)	10 Years	8.7 %	8.90 %

2.         This is for information of the field staff as well as general public and Notifications will be circulated a an received from MOF (DEA)

3.         This issues with the approval of DDG(FS)

Sd/- (Kawal Jit Singh), Assistant Director (SB)