Revision of interest rates for Small Savings Schemes – MoF

Revision of interest rates for Small Savings Schemes – MoF

Revision of interest rates for Small Savings Schemes – MoF
 

F.No.01/04/2016-NS

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:
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revision-of-interest-rate-for-small-saving-scheme-govempnews

*No Change

3. This has the approval of Finance Minister.

(Padam Singh)
Regional Director (Sr.)
Tele – 0112395155

To,

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.
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