Small Savings Schemes Interest rates unchanged for 2nd quarter FY 2016-17

Small Savings Schemes Interest rates for 2nd quarter FY 2016-17

F.No. 1/04/2016-NS .II
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North -Block , New Delhi
Dated: 20th June, 2016

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 decisions of the Government, interest rates for small savings schemes are to be notified on quarterly Accordingly , the rates of interest on various small savings schemes for the second quarter of financial year 2016-17 , on the basis of the interest compounding/payment built-in in the schemes, shall be as under :

3. The necessary notifications will be notified

4. . This has the approval of Secretary (Economic Affairs) .

(Harish Kumar Srivastava)
Under Secretary to the Government of India
Tele : 011 23092744