Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from 1.4.2015

Scheme	Rate of interest w.e.f.01.04.2014	Rate of Interest w.e.f. 01.04.2015
1.	2.	3.
Savings Deposit	4.0	4.0
1 Year Time Deposit	8.4	8.4
2 Year Time Deposit	8.4	8.4
3 Year Time Deposit	8.4	8.4
5 Year Time Deposit	8.5	8.5
5 Year Recurring Deposit	8.4	8.4
5 Year SCSS	9.2	9.3
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
Kisan Vikas Patra	8.7	8.7
Sukanya Samriddhi Account Scheme	9.1	9.2

 The above rates will be effective from tomorrow i.e. 1.4.2015.  

Thus the rates on many of the small savings scheme have undergone an upwards revision vis-à-vis 2014-15.

Source : PIB