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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 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 01.04.2014, 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 MIS
8.4
8.4
 5 Year NSC
8.5
8.5
 10 Year NSC
8.8
8.8
PPF
8.7
8.7


       
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