Wednesday, April 1, 2015

Small savings rates for FY 2015-16 announced

Small savings rates for FY 2015-16 announced
The government today announced key small savings rates for the new  fiscal, 2015-16, that starts from tomorrow.
Public Provident Fund: 8.7 percent (unchanged from FY15)
Kisan Vikas Patra: 8.7 percent (unchanged)
10 year National Savings Certificate: 8.8 percent (unchanged)
5 year NSC: 8.5 percent (unchanged)
5 year Monthly Income Scheme: 8.4 percent (unchanged)
5 year time deposit: 8.5 percent (unchanged)
5 year recurring deposit: 8.4 percent (unchanged)
1-3 year time deposits: 8.4 percent (unchanged)
Savings deposit - 4 percent (unchanged)
The government announced changes in two schemes:
5 year Senior Citizen Saving Scheme: increase from 9.2 percent to 9.3 percent
Sukanya Samriddhi Account Scheme: increase from 9.1 percent to 9.2 percent

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