PRESS RELEASE, Dated March 25, 2013

Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingly, the rate of interest on various small savings schemes for the financial year 2013-14 effective from 1-4-2013, on the basis of the interest compounding/payment built-in in the schemes, shall be as under;

SchemeRate of Interest w.e.f. 1-Apr-2012Rate of Interest w.e.f. 1-Apr-2013
Savings Deposit4.00%4.00%
1 Year Time Deposit8.20%8.20%
2 Year Time Deposit8.30%8.20%
3 Year Time Deposit8.40%8.30%
5 Year Time Deposit8.50%8.40%
5 Year Recurring Deposit8.40%8.30%
5 Year SCSS9.30%9.20%
5 Year MIS8.50%8.40%
5 Year NSC8.60%8.50%
10 Year NSC8.90%8.80%
Rate of interest on various Small Savings Schemes revised w.e.f. 1-Apr-2013

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