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 1^st April of that year. Accordingly, the rate of interest on various small savings schemes for the financial year 2013-14 effective from 01.04.2013, on the basis of the interest compounding/ payment built-in in the schemes, shall be as under :

 

           

DSM/NK

(Release ID :94278)

 

 

 

 

 

 

 

 

 

 

Interest rate revision for small savings schemes announced, with annual notification and rates effective from start of the financial year. Interest rates for small savings schemes are revised and will be notified annually before each financial year, with the revised, scheme-specific rates taking effect from the commencement of the financial year to reflect the compounding or payment mechanisms built into each instrument.