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Friday, 29 December 2017

Revision of interest rates for Small Savings Schemes - MoF

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Revision of interest rates for Small Savings Schemes - MoF
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 27.12.2017
Office Memorandum 

Subject: Revision of interest rates for Small Savings Schemes. 

The undersigned is directed to refer to this Department’s OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned. 

2. On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the fourth quarter of financial year 2017-18 starting 1st January, 2018, and ending on 31th March, 2018, on the basis of the interest compounding payment built-in in the schemes, shall be as under:

*No Change

3. This has the approval of Finance Minister.
(Padam Singh)
Regional Director (Sr.)
Tele - 0112395155

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

Source : Click here to veiw / download pdf


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