TaxTMI 
TaxTMI 
Revision of Interest Rates for Small Savings Schemes with Effect from 1st April 2012.
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....evision of Interest Rates for Small Savings Schemes with Effect from 1st April 2012. <br>News and Press Release<br>Dated:- 26-3-2012<br><BR>Press Information Bureau Government of India Ministry of ....
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....Finance 26-March-2012 18:50 IST Revision of Interest Rates for Small Savings Schemes with Effect from 1st April 2012 Based on the decisions taken by the Government on the recommendations of the Sh....
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....yamala 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 ....
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....year. Accordingly, the rate of interest on various small savings schemes for the financial year 2012-13 effective from 1.4.2012, on the basis of the interest compounding/payment built-in in the scheme....
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....s, shall be as under: Scheme Rate of Interest w.e.f. 1.12.2011 Rate of Interest w.e.f. 1.4.2012 Savings Deposit 4.0 4.0 1 year Time Deposit 7.7 8.2 2 year Time Deposit 7.8 8.3 3 year Time....
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.... Deposit 8.0 8.4 5 year Time Deposit 8.3 8.5 5 year Recurring Deposit 8.0 8.4 5 year SCSS 9.0 9.3 5 year MIS 8.2 8.5 5 year NSC 8.4 8.6 10 year NSC 8.7 8.9 PPF 8.6 8.8 Necessar....
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....y notifications, including those requiring amendments to rules of small savings schemes will be notified separately. DSM/SS/Hb<BR> News - Press release - PIB....