All India Association of Postmasters & Supervisors

Revision of interest rates for Small Savings Schemes to be effective from third quarter of Financial Year 2016-17 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 ...

1.         General Any individual or existing Swavalamban Yojana subscriber who has completed 18 Years of age and is below 40 Years of Age on the day of applying can open APY account in any authorized CBS Post Office. The contribution for APY will be debited every month (if opted for monthly) or the first month of a quarter (if opted for Qutrly.) or first month of the Half Year (if opted for Half Yearly) from the subscriber Savings Account based on the Standing Instruction provided by the subscriber in APY Subscriber Registration Form. Under the APY, the subscribers would receive the fixed pension from Rs. 1000 to Rs. 5000 per month (Rs. 1000, 2000, 3000, 4000 and 5000), at the age of 60 years, depending on their contributions. The contributions would vary as per the age of the subscriber on the day of joining APY and the pension amount opted by the subscriber. In addition, Government co-contribution (50% of the total contribution or Rs. 1,0...

The government is set to reduce interest rates on small savings products such as public provident fund and National Savings Certificate over the next few days - a move that will impact returns on your bank fixed deposits but also pave the way for banks to pare lending rates in the coming months and reduce the EMI burden.  The new formula will see small savings rates linked to returns on government securities of comparable maturity, with the reduction expected to be up to 50 basis points (100 basis points equal a percentage point). The finance ministry is finalizing product-specific rates and sources said the impact would be higher in case of maturity period of less than five years. There are indications that senior citizens and women will be protected with products such as the Sukanya Samriddhi Yojana spared the the axe, at least for the moment.  The new rates are expected to be notified over the next few days with the government set to announce quarterly revision...

SMALL SAVINGS SCHEMES INTEREST RATES W.E.F 01.04.2015

VIEWS/SUGGESTIONS IN IMPROVING SMALL SAVINGS SCHEMES

SALIENT FEATURES UNDER SMALL SAVINGS SCHEMES CLICK HERE TO VIEW

RELAUNCH OF KISAN VIKAS PATRAS(KVP) BY HON'BLE MINISTER OF FINANCE CLICK HERE

NON-ADHERENCE OF DIRECTORATE INSTRUCTIONS ISSUED FROM TIME TO TIME IN RESPECT OF POSB & eMO WORK

REVISION OF INTEREST RATES OF POST OFFICE SMALL SAVINGS SCHEMES W.E.F 01.04.2014.           One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1 st  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 01.04.2014, 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. 01.04.2014 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 ...