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.

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