Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15

Press Information Bureau 

Government of India 

Ministry of Finance 

04-March-2014 18:53 IST 

Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15 

Announced 

 

 

 Various decisions taken by the Government of India on the recommendations of the 

Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund 

(NSSF), were communicated to all concerned by the Government through its Office Memorandum 

dated 11th November, 2011.

 

 One of the decisions of the Government based on the recommendations of the Committee 

relates to revision of interest rates every financial year, to be notified before 1st April of that year. 

Accordingly with the approval of the Finance Minister, the rates of interest on various small 

savings schemes for the Financial Year 2014-15 effective from 01.04.2014, on the basis of the 

interest compounding/payment built-in in the schemes, shall be as under :

 

 

Scheme Rate of interest Rate of Interest

w.e.f.01.04.2013 w.e.f. 01.04.2014

1. 2. 3.

 Savings Deposit 4.0

 

4.0 

 

 1 Year Time Deposit 8.2 8.4

 2 Year Time Deposit  8.2 8.4

 3 Year Time Deposit 8.3 8.4

 5 Year Time Deposit 8.4 8.5

 5 Year Recurring 

Deposit

8.3 8.4

 5 Year SCSS 9.2 9.2

 5 Year MIS 8.4 8.4

 5 Year NSC 8.5 8.5

 10 Year NSC  8.8 8.8

PPF 8.7  8.7

 

 

 The necessary notifications will be notified separately in this regard in due course.