INTEREST TABLES

REVISION OF INTEREST RATES OF POST OFFICE SMALL SAVINGS SCHEMES FOR 2014-2015

Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15
Press Information Bureau
Government of India
Ministry of Finance
04-March-2014

Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15 Announced

            Various decisions taken by the Government of India on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned by the Government through its Office Memorandum dated 11th November, 2011.

            One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1st April of that year.  Accordingly with the approval of the Finance Minister, the rates of interest on various small savings schemes for the Financial Year 2014-15 effective from 01.04.2014, on the basis of the interest compounding/payment built-in in the schemes, shall be as under :

Scheme
Rate of interest 
w.e.f.01.04.2013
Rate of Interest  
w.e.f. 01.04.2014
(1)
(2)
(3)
Savings Deposit
4.0
4.0
1 Year Time Deposit
8.2
8.4
2 Year Time Deposit
8.2
8.4
3 Year Time Deposit
8.3
8.4
5 Year Time Deposit
8.4
8.5
5 Year Recurring Deposit
8.3
8.4
5 Year SCSS
9.2
9.2
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

 Source:PIB

INTEREST RATE TABLE


Name of scheme
Period
Up To
30/11/2011
w.ef 1/12/2011
w.e.f
1/4/2012
w.e.f
1/4/2013
Savings Account
General
3.50%
4.00%
4.00%
4.00%
Time Deposit
I yr
6.25%
7.70%
8.20%
8.20%

2 yr
6.50%
7.8%
8.30%
8.20%

3 yr
7.25%
8.00%
8.40%

8.30%

5 yr
7.50%
8.30%
8.50%
8.40%
Recurring Deposit
5 yr
7.50%
10-728.90
8.00%
10-738.62
8.40%
10-746.51
8.30%
10-744.53
M I S
5 yr
8.00%
(6 Yr)
8.20%
8.50%
8.40%
S C S S
5 yr
9%
9.00%
9.30%
9.20%


P P F



15 yr
8%
8.6%
8.80%


































RD Maturity Value for Denomination of Rs.100
Maturity Value before 01.12.2011
Maturity Value w.e.f 01.04.2012 to 31.03.2013
Maturity Value w.e.f 01.04.2013
Interest @ 7.5 %
Interest @ 8.4 %
Interest @ 8.3 %
Rs. 7289/-
Rs. 7465/-
Rs. 7445/-


RD Maturity Value for Denomination of Rs. 100/-
in case of extension after 5 Years

Maturity Period
Interest @ 8.40 %                      
01.04.2012 to 31.03.2013
   Interest @ 8.30% w.e.f 01.04.2013
5 Years
7465
7445
6 Years
9368
9338
7 Years
11436
11392
8 Years
13682
13622
9 Years
16124
16044
10 Years
18777
18672


Monthly Interest before 01.12.2011
Monthly Interest  w.e.f 01.04.2012 to 01.04.2013
Monthly Interest  w.e.f 01.04.2013
Interest @ 8.0%
Interest @ 8.5%
Interest @ 8.4%
Rs. 1000/-
Rs.1062/-
Rs.1050/-



Maturity Value before 01.12.2011
Maturity Value  w.e.f 01.04.2012 to 31.03.2013
Maturity Value  w.e.f 01.04.2013
Interest @ 8.0%
Interest @ 8.6%
Interest @ 8.5 %
Rs. 16010/- (6 Year)
Rs.15235/- (5 Year)
Rs.15162/- (5 Year)


NSC 10 Year Maturity Value for Denomination of Rs.10000/-

Maturity Value  w.e.f 01.04.2012 to 31.03.2013
Maturity Value  w.e.f 01.04.2013
Interest @ 8.9%
Interest @ 8.8%
Rs.23887/-
Rs.23660/-



Interest @ 9.3%
Interest @ 9.2%
Quarterly Interest  w.e.f 01.04.2012 to 31.03.2013
Quarterly Interest  w.e.f 01.04.2013
Rs.2325/-
Rs.2300/-


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