Rate of Interest on Small Saving schemes – July 1, 2016 to September 30, 2016
Ministry of Finance vide press release dated 20 June 2016
has revised the Rate of Interest on Small Saving schemes for the Second quarter
of financial year 2016-17 (01.07.2016
to 30.9.2016) as under:
Instrument
|
Rate
of interest with effect from 01.07.2016 to 30.9.2016
|
Compounding
frequency
|
Savings
Deposit
|
4.0
|
Annual
|
1
Year Time Deposit
|
7.1
|
Quarterly
|
2
Year Time Deposit
|
7.2
|
Quarterly
|
3
Year Time Deposit
|
7.4
|
Quarterly
|
5
Year Time Deposit
|
7.9
|
Quarterly
|
5 Year Recurring Deposit
|
7.4
|
Quarterly
|
5 Year Senior Citizens Savings Scheme
|
8.6
|
Quarterly
& paid
|
5 year Monthly Income Account Scheme
|
7.8
|
Monthly
& paid
|
5 Year National Savings Certificate
|
8.1
|
Annual
|
Public
Provident Fund Scheme
|
8.1
|
Annual
|
KisanVikasPatra
|
7.8 (will mature in 110 months)
|
Annual
|
Sukanya
Samriddhi Account Scheme
|
8.6
|
Annual
|
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