Monday, March 25, 2013

INTEREST RATE PPF ,NSC, SCSS, MIS ,POTD REDUCED WEF 01.04.2013


on Monday, March 25, 2013

SMALL SAVINGS SCHEMES - REVISION OF INTEREST RATES FOR SMALL SAVINGS SCHEMES WITH EFFECT FROM 1-4-2013

Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingly, the rate of interest on various small savings schemes for the financial year 2013-14 effective from 1-4-2013, on the basis of the interest compounding/payment built-in in the schemes, shall be as under :



Scheme
Rate of Interest w.e.f. 1-4-2012
Rate of Interest w.e.f. 1-4-2013
1
2
3
Savings Deposit
4.0
4.0
1 Year Time Deposit
8.2
8.2
2 Year Time Deposit
8.3
8.2
3 Year Time Deposit
8.4
8.3
5 Year Time Deposit
8.5
8.4
5 Year Recurring Deposit
8.4
8.3
5 Year SCSS
9.3
9.2
5 Year MIS
8.5
8.4
5 Year NSC
8.6
8.5
10 Year NSC
8.9
8.8
PPF
8.8
8.7


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  1. OH NO ,Interest rate is reducing and inflation is increasing ??? where to invest ?

    ReplyDelete
  2. Very Good online Support Information.Thanks

    ReplyDelete
  3. Replies
    1. Your English is Very Bad.

      Delete
  4. Will it be effective for new TD's, RD'S, NSC's, MIS's, PPF's or is it applicable for existing accounts also? What is the effect of interest reduction on the existing accounts and Savings Deposit account?

    ReplyDelete
    Replies
    1. New rates are not applicable on TD's ,RD's ,NSC's ,MIS's taken before 01.04.2013.

      However it is applicable on your PPF balance existing and future both.

      Delete