Rate of Interest on Small Saving schemes – July 1, 2016 to September 30, 2016 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Tuesday, June 21, 2016

Rate of Interest on Small Saving schemes – July 1, 2016 to September 30, 2016

Rate of Interest on Small Saving schemes – July 1, 2016 to September 30, 2016

Ministry of Finance vide press release dated 20 June 2016 has revised the Rate of Interest on Small Saving schemes for the Second quarter of financial year 2016-17 (01.07.2016 to 30.9.2016) as under:



Instrument
Rate of interest with effect from 01.07.2016 to 30.9.2016
Compounding frequency
Savings Deposit
4.0
Annual
1 Year Time Deposit
7.1
Quarterly
2 Year Time Deposit
7.2
Quarterly
3 Year Time Deposit
7.4
Quarterly
5 Year Time Deposit
7.9
Quarterly
5 Year Recurring Deposit
7.4
Quarterly
5 Year Senior Citizens Savings Scheme
8.6
Quarterly & paid
5 year Monthly Income Account Scheme
7.8
Monthly & paid
5 Year National Savings Certificate
8.1
Annual
Public Provident Fund Scheme
8.1
Annual
KisanVikasPatra
7.8 (will mature in 110 months)
Annual
Sukanya Samriddhi Account Scheme
8.6
Annual


Rate of Interest on Small Saving schemes – July 1, 2016 to September 30, 2016 Reviewed by S. Chitra on June 21, 2016 Rating: 5 Rate of Interest on Small Saving schemes – July 1, 2016 to September 30, 2016 Ministry of Finance vide press release dated 20 June 2016...

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