<h1>India Revises Small Savings Scheme Interest Rates for Q1 2016-17; New Quarterly Adjustments Reflect Market Yields.</h1> Interest rates for Small Savings Schemes in India have been recalculated for the first quarter of 2016-17, following a new quarterly adjustment system based on government securities yields. This change, effective from April 1, 2016, replaces the previous annual system. Rates for schemes like the Public Provident Fund and Senior Citizens Savings Scheme have decreased, with the latter now offering 8.6%. Additional interest rate spreads for specific schemes, such as 100 basis points for the Senior Citizens Savings Scheme, are maintained. This quarterly revision aligns the schemes more closely with current market conditions.