|
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.
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