Revision of interest rates for Small Savings Schemes (SCSS/PPF/KVP/Sukanya Samriddhi Account)
The Government of India have vide their Office Memorandum (OM) No.6/01/2011-NS.II dated March 31, 2015, advised the rate of interest on various small savings schemes for the financial year 2015-16. Accordingly, the rates of interest on PPF 1968, SCSS 2004, Kisan Vikas Patra & Sukanya Samriddhi Account Scheme for the financial year 2015-16, effective from April 01, 2015, on the basis of the interest compounding/payment built-in in the schemes, will be as under:
5 year SCSS, 2004 (w.e.f 01.04.2014)– 9.2% p.a (w.e.f 01.04.2015)– 9.3% p.a
PPF, 1968 (w.e.f 01.04.2014)- – 8.7% p.a (w.e.f 01.04.2015)– 8.7% p.a
Kisan Vikas Patra (w.e.f 01.04.2014)– 8.7% p.a (w.e.f 01.04.2015)– 8.7% p.a
Sukanya Samriddhi Account Scheme (w.e.f 01.04.2014)– 9.1% p.a (w.e.f 01.04.2015)– 9.2% p.a
The interest rates on various small savings schemes for every financial year will be notified by the Government before April 01st of that year.
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