Interest Rates on Small Savings Scheme revised

Interest Rates on various Small Savings Scheme with effect from 01.04.2014 – Department of Posts issues orders

SB Order No.04/2014
No.113-01/2011-SB
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg.
New Delhi-110001
Dated: 14.03. 2014

 

To
All Heads of Circles/Regions

Addl Director General. APS, New Delhi

Subject: – Revision in Interest Rates of Small Savings Schemes w.e.f. 1st April 2014.

Sir / Madam,

The undersigned is directed to say that vide its OM No 6-1/2011-NS-II dated 04.03 2014, Ministry of Finance (DEA) has revised interest rates of Small Savings Schemes from 1st of April 2014. Detail about old and revised rates is given below:-

INTEREST RATE TABLE

Name of Scheme
Rate of interest w.e.f. 1.4.2013
Rate of interest w.e.f.    1.4.2014
Savings Deposit
4.00%
4.00%
1 Year Time Deposit
8.20%
8.40%
2 Year Time Deposit
8.20%
840%
3 Year Time Deposit
8.30%
840%
5 Year Time Deposit
8.40%
850%
5 Years Recurring Deposit
8.30%
8.40%
5 Year SCSS
9.20%
920%
5 Year MIS
8.40%
840%
5 year National Savings Certificate(VIII) Issue
8.50%
850%
10 Year National Savings Certificate (IX) Issue
8.80%
8.80%
PPF
8.70%
8.70%
2 These revised interest rates will be applicable on the new investments made on or after 1.4.2014 in all schemes
3. Maturity tables of RD will be circulated as and when notified by Mm of Finance.
4 This is for information of the field staff as well as general public
5. This issues with the approval of Competent Authority
Yours faithfully,
sd/-
(K Ramlingaiah)
Assistant Director (SB-I)

Download Department of Posts order No.113-01/2011-SB dated 14.03.2014

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