New Delhi: The returns on Small savings schemes like public provident fund (PPF), National Savings Certificate (NSC) and Kisan Vikas Patra,(KVP)has been revised as per date 30th June 2017, the government announced on Friday.
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 intrest on various small savings schemes for the second quarter of financial year 2017-18 started 1st july, 2017 and ending on 30th September, 2017 on the basis of interest compounding/ payment built-in the schemes shall be as under.
|
Instrument |
Rate of intrest w.r.t 01.04.2017 to 30.06.2017 |
Rate of interest w.r.t 01.07.2017 to 30.09.2017 |
Compounding frequency* |
|
Savings Deposit |
4.0 |
4.0 |
Annually |
|
1 Year Time Deposit |
6.9 |
6.8 |
Quarterly |
|
2 Year Time Deposit |
7.0 |
6.9 |
Quarterly |
|
3 Year Time Deposit |
7.2 |
7.1 |
Quarterly |
|
5 Year Time Deposit |
7.7 |
7.6 |
Quarterly |
|
5 Year Recurring Deposit |
7.2 |
7.1 |
Quarterly |
|
5 Year Senior Citizen savings Scheme |
8.4 |
8.3 |
Quarterly and paid |
|
5 Year Monthly Income Account |
7.6 |
7.5 |
Monthly and paid |
|
5 Year National Savings Certificate |
7.9 |
7.8 |
Annually |
|
Public Provident Fund Scheme |
7.9 |
7.8 |
Annually |
|
Kisan Vikas Patra |
7.6 (Will mature in 113 months) |
7.5 (will mature in 115 months) |
Annually |
|
Sukanya Samriddhi Account Scheme |
8.4 |
8.3 |
Annually |
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