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Revision of interest rates for Small Savings Scheme - DoE O.M dated 29.09.2017

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Revision of interest rates for Small Savings Scheme - DoE O.M dated 29.09.2017,  F.No.01/04/2016-NS, Government of India, Ministry of Finance, Department of Economic Affairs, (Budget Division)
North Block, New Delhi,  Dated: 29.09.2017, Office Memorandum,  Subject: Revision of interest rates for Small Savings Scheme.  On the basis of the decision of the Government, interest rates for small savings schemes are notified on quarterly basis since 1st April, 2016



F.No.01/04/2016-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 29.09.2017
Office Memorandum

Subject: Revision of interest rates for Small Savings Scheme. 
 
On the basis of the decision of the Government, interest rates for small savings schemes are notified on quarterly basis since 1st April, 2016. Accordingly, the rates of interest on various small savings schemes for the third quarter of financial year 2017-18 starting 1st October, 2017 shall remain unchanged form those notified for the second quarter of FY 2017-18. 

2. This has the approval of Finance Minister. 

(H. K. Srivastav)
Director (Budget)
Tele – o11-23093569
To,
1. The Secretary, Department of Expenditure, North Block, New Delhi;
2. The Secretary, Department of Revenue, North Block, New Delhi;
3. The Secretary, Department of Posts, Dak Bhawan, New Delhi;
4. The Secretary, Department of Financial Services, Jeevan Deep Building, Parliament Street, New Delhi;
5. The Director, National Savings Institute, New Delhi;
6. Chief General Manager, Department of Govt. & Bank Accounts Reserve Bank of India, Central Office, Mumbai;
7. Reserve Bank of India, Central Account Section, Additional Office Section, East High Court Road, Nagpur – 440 001;
8. Chief Secretaries of States/UT Governments.


Source: Department of Expenditure
[http://dea.gov.in/sites/default/files/interest%20rate%2001.10.2017.pdf]


Revision of interest rates for Small Savings Scheme [Ministry of Communication & IT O.M No. F.No. 113-03/2017-SB dated 03.10.2017]






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