The Government of India had today announced revision of interest rates for small savings schemes for the financial year 2014-15. These revised interest rates, as given in the above table, are effective from April 1st, 2014. As part of the Shyamala Gopinath Committee recommendations, the Government has been revising these interest rates every year.
As can be seen above, the interest rates are revised upwards by up to 0.2 percent (or 20 basis points) for time deposits. These term deposits for periods of 1-year and up to 5-year and recurring deposits for 5-year period are offered at post offices available across the country.
But in the case of SCSS, MIS, NSC and PPF, the government has not changed the rates.
The relevant government announcement can be accessed at: