Sukanya Samriddhi interest raised to 9.2% while PPF remains at 8.7% for FY 2015-16
Government has declared the interest rates to be paid on small saving schemes for FY 2015-16. These interest rates are revised at the start of every Financial Year.
The interest paid on Sukanya Samriddhi Account has been raised to 9.2% from existing 9.1%. The investors ofSenior Citizens Savings Scheme (SCSS) would also get increased interest rate of 9.3% from 9.2% offered presently.
All the other interest rates including PPF (Public Provident Fund), KVP (Kisan Vikas Patra), NSC (National Saving Scheme) and fixed deposits have been kept unchanged.
Both PPF and KVP would offer 8.7% interest for FY 2015-16. The interest on 5 year NSC has been fixed at 8.5% while 10 year NSC is 8.8%.
The fixed deposit in Post Office would offer 8.4% for 1 to 3 years tenure and 8.5% for 5 years tenure. The 5 year recurring deposit would offer interest rate of 8.4%.
Savings account at post office would offer 4% while the MIS (Monthly Income Scheme) at post offices would offer interest rate of 8.4%.
All the interest rates would be effective from April 1, 2015.
Below given the Chart of Interest as per the new amended by the Central Govt w.e.f. 1/4/2015
PRESS RELEASE, DATED 31-3-2015
It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to revise the rates applicable on various small savings schemes as given in the table below.
Scheme
|
Rate of interest w.e.f.01.04.2014
|
Rate of Interest w.e.f. 01.04.2015
|
1.
|
2.
|
3.
|
Savings Deposit
|
4.0
|
4.0
|
1 Year Time Deposit
|
8.4
|
8.4
|
2 Year Time Deposit
|
8.4
|
8.4
|
3 Year Time Deposit
|
8.4
|
8.4
|
5 Year Time Deposit
|
8.5
|
8.5
|
5 Year Recurring Deposit
|
8.4
|
8.4
|
5 Year SCSS
|
9.2
|
9.3
|
5 Year MIS
|
8.4
|
8.4
|
5 Year NSC
|
8.5
|
8.5
|
10 Year NSC
|
8.8
|
8.8
|
PPF
|
8.7
|
8.7
|
Kisan Vikas Patra
|
8.7
|
8.7
|
Sukanya Samriddhi Account Scheme
|
9.1
|
9.2
|
