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:
No comments:
Post a Comment