Interest Rates on Sukanya Samriddhi, PPF and NSC for FY 2015-16

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The Government has announced the interest rates on Sukanya Samriddhi, PPF and NSC and other saving schemes for the financial year 2015-16 as is always expected at the end of an old financial year and the beginning of a new one.

It was decided by the Government of India that interest rates on Small Savings Schemes will be linked to yields on government securities of comparable maturity.

The Interest rates will be effective from April 1, 2015 and would be applicable for the entire financial year.

Interest Rates on Sukanya Samriddhi, PPF and NSC for FY 2015-16

Sukanya Samriddhi Account will earn higher interest rate of 9.2 per cent, from 9.1 per cent.

At the same time, rate for senior citizens savings scheme (SCSS) has been increased to 9.3 per cent from prevailing 9.2 per cent," a finance ministry statement said.

Whereas the popular instrument PPF  interest rates are retained the same as previous year at 8.7 per cent and the recent Kisan Vikas Patra which was recently launched again was unchanged at 8.7 per cent.

List of investment which have been revised:

SchemeRate of interest w.e.f.01.04.2014Rate of Interest w.e.f. 01.04.2015
5 Year SCSS9.29.3
Sukanya Samriddhi Account Scheme9.1

9.2

List of investment which was retained at the previous year's level:

SchemeRate of interest w.e.f.01.04.2014Rate of Interest w.e.f. 01.04.2015
Savings Deposit4.04.0
1 Year Time Deposit8.48.4
2 Year Time Deposit8.48.4
3 Year Time Deposit8.48.4
5 Year Time Deposit8.58.5
5 Year Recurring Deposit8.48.4
5 Year MIS8.48.4
5 Year NSC8.58.5
10 Year NSC8.88.8
PPF8.78.7
Kisan Vikas Patra8.78.7

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Story first published: Wednesday, April 1, 2015, 10:53 [IST]
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