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    <description>Interest rates for Small Savings Schemes are Administered Interest Rates benchmarked to the average annual yield on Government Securities of comparable maturity in the secondary market with a suitable spread based on maturity and liquidity, and are reset every 1st April. A rate schedule effective w.e.f. 1.4.2014 specifies applicable interest percentages for Savings Deposit, various Time Deposits, Recurring Deposit, Senior Citizen Savings Scheme, Monthly Income Scheme, National Savings Certificates and Public Provident Fund.</description>
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