Revision of interest rates for small savings (SCSS/PPF/Kisan Vikas Patra/Sukanya Samriddhi Acccount)

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.