Scheme
|
Rate
of Interest wef 1/10/16 to 31/12/16
|
Savings Deposit
|
4
|
1 year Time Deposit
|
7
|
2 year Time Deposit
|
7.1
|
3 year Time Deposit
|
7.3
|
5 year Time Deposit
|
7.8
|
5 year Recurring Deposit
|
7.3
|
5 year Sr Citizen Savings
Scheme
|
8.5
|
5 year Monthly Income Account
Scheme
|
7.7
|
5 year National Savings
Certificate
|
8.0
|
Public
Provident Fund
|
8.0
|
Kisan Vikas Patra
|
7.7
( will mature in 112 months)
|
Sukanya Samriddhi Account
|
8.5
|
Special
Deposit Scheme for Non-Government Provident , Superannuation and Gratuity
Funds
|
8
|
Being a faculty at a Bankers Training College, many a times I would refer the RBI master circulars for my sessions. Every time I found it a huge task. The language is complicated, Compound sentences were making it difficult to comprehend and above all the circulars are real lengthy. So I started simplifying them for my future consumption. Why not share my work with others. So my dear friends enjoy reading.
Wednesday, October 19, 2016
Revised Interest Rates on Government Small Savings Schemes
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