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Small Savings Schemes Interest Rates cut w.e.f 01 April 2016

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Offline Sora

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Small Savings Schemes Interest Rates cut w.e.f 01 April 2016
« on: March 19, 2016, 12:07:24 PM »

Small Savings Schemes Interest Rates cut w.e.f 01 April 2016 on popular saving schemes like PPF, NSC, Post Office Fixed Deposit, Kisan Vikas Patra etc.



The latest Small Saving Schemes on various Deposit are revised as

Public Provident Fund (PPF) – Rate Cut from 8.7% to 8.1%

Sukanya Samriddhi Yojana (SSY) – Rate Cut from 9.2% to 8.6%

Senior Citizens Savings Scheme (SCSS) – Rate Cut from 9.3% to 8.6%

Post Office Monthly Income Scheme (POMIS) – Rate Cut from 8.4% to 7.8%

National Savings Certificates (NSCs) – Rate Cut from 8.5% to 8.1%

Kisan Vikas Patra (KVP) – Tenure Raised from 100 Months to 110 Months Interest rate reduce from 8.7% to 7.8%


 

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