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NOTE:
Interest rates on Small Savings Schemes are Administered Interest Rates, and are benchmarked to the average annual yield on Government Securities of comparable maturity in the secondary market with a suitable spread over the benchmark yield, depending upon the maturity and liquidity of the instruments. The interest rates of Small Savings Schemes have been benchmarked to G-Sec. yields of equivalent maturity with suitable spread and are reset every 1st April.
Interest rates applicable on each Small Savings Scheme w.e.f. 1.4.2014 are as below:
Instrument | Rate of Interest (%) w.e.f 1.4.2014 |
Savings Deposit | 4.0 |
1 Year Time Deposit | 8.4 |
2 Year Time Deposit | 8.4 |
3 Year Time Deposit | 8.4 |
5 Year Time Deposit | 8.5 |
5 Year Recurring Deposit | 8.4 |
5 Year SCSS | 9.2 |
5 Year MIS | 8.4 |
5 Year NSC | 8.5 |
10 Year NSC | 8.8 |
PPF | 8.7 |
This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha.