Instrument
|
Rate of interest w.e.f. 01.04.2016 to 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
|
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
|
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 mature in 110 months)
|
7.8 (will mature in 110 months)
|
Annual
|
SukanyaSamriddhi Account Scheme
|
8.6
|
8.6
|
Annual
|
20 June 2016
No change in Small Saving Schemes interest rates for Q2 FY 2016-17
Government had decided to set the interest rate of Small Saving Schemes every quarter from FY 2016-17. Accordingly the interest rate of Small Saving Schemes for quarter 2 of FY 2016-17 is now announced. There is no change interest rates for the quarter 2 of financial year 2016-17. Sukanya Samriddhi and Senior Citizen Saving Schemes will fetch the highest rate of interest at 8.6% per annum followed by 5 year National Saving Certificates and Public Providend Funds at 8.1% per annum.
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