The government today announced key small savings rates for the new fiscal, 2015-16, that starts from tomorrow.
Public Provident Fund: 8.7 percent (unchanged from FY15)
Kisan Vikas Patra: 8.7 percent (unchanged)
10 year National Savings Certificate: 8.8 percent (unchanged)
5 year NSC: 8.5 percent (unchanged)
5 year Monthly Income Scheme: 8.4 percent (unchanged)
5 year time deposit: 8.5 percent (unchanged)
5 year recurring deposit: 8.4 percent (unchanged)
1-3 year time deposits: 8.4 percent (unchanged)
Savings deposit - 4 percent (unchanged)
The government annoucned changes in two schemes:
5 year Senior Citizen Saving Scheme: increase from 9.2 percent to 9.3 percent
Sukanya Samriddhi Account Scheme: increase from 9.1 percent to 9.2 percent
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
