TaxTMI 
TaxTMI 
Quarterly Revision of Interest Rates for Small Savings Schemes
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....uarterly Revision of Interest Rates for Small Savings Schemes <br>News and Press Release<br>Dated:- 20-6-2016<br><BR>Press Information Bureau Government of India Ministry of Finance 20-June-2016 1....
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....7:11 IST On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings sc....
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....hemes for the second quarter of financial year 2016-17, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: Instrument Rate of interest w.e.f. 01.04.2016 to ....
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....30.6.2016 Rate of interest w.e.f. 01.07.2016 to 30.9.2016 Compounding frequency Savings Deposit 4.0 4.0 Annual 1 Year Time Deposit 7.1 7.1 Quarterly 2 Year Time Deposit 7.2 7.2 Quarterly....
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.... 3 Year Time Deposit 7.4 7.4 Quarterly 5 Year Time Deposit 7.9 7.9 Quarterly 5 Year Recurring Deposit 7.4 7.4 Quarterly 5 Year Senior Citizens Savings Scheme 8.6 8.6 Quarterly and paid....
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.... 5 year Monthly Income Account Scheme 7.8 7.8 Monthly and paid 5 Year National Savings Certificate 8.1 8.1 Annual Public Provident Fund Scheme 8.1 8.1 Annual KisanVikasPatra 7.8 (will ....
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....mature in 110 months) 7.8 (will mature in 110 months) Annual SukanyaSamriddhi Account Scheme 8.6 8.6 Annual ***** AR/KA<BR> News - Press release - PIB....