Revision of interest rates for Small Savings Schemes

Revision of interest rates for Small Savings Schemes
 

F.No.01/04/2016-NS

Government of India

Ministry of Finance

Department of Economic Affairs

(Budget Division)

North Block, New Delhi

Dated: 02.07.2018

Office Memorandum

Subject: Revision of interest rates for Small Savings Schemes

On the basis of the decision of the Government, interest rates for small savings schemes are notified on quarterly basis since April, 2016. Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2018-19 staring 1st July, 2018 and ending on 30th September, 2018 shall remain unchanged from those notified for the first quarter of financial year 2018- 19.

2. This has the approval of Finance Minister.

S/d,

(Sakshi Kumar)

Deputy Director

Tel : 01123095764

Revision of interest rates for Small Savings Schemes for 4th Quarter of FY 2017-18 (Jan, 18 to Mar, 18) - MoF

Revision of interest rates for Small Savings Schemes for 4th Quarter of FY 2017-18 (Jan, 18 to Mar, 18) - MoF

F.No.01/04/2016-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

 North Block, New Delhi
Dated: 27.12.2017

  Office Memorandum

Subject: Revision of interest rates for Small Savings Schemes.

The undersigned is directed to refer to this Department's OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned.

2. On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the fourth quarter of financial year 2017-18 starting 1st January, 2018, and ending on 31st March, 2018, on the basis of the interest compounding payment built-in in the schemes, shall be as under: