Saturday, March 19, 2016

Interest rate slashed in small savings, GPF likely to hit soon

Savings Deposit
Rate of Interest
w.e.f 01.04.2016
 to 31.03.2016
Rate of Interest
w.e.f 01.04.2016
to 30.06.2016
1 Year Time Deposit8.47.1
2 Year Time Deposit8.47.2
3 Year Time Deposit8.47.4
5 Year Time Deposit8.57.9
5 Year Recurring Deposit8.47.4
5 Year Senior Citizens Savings Deposit9.38.6
5 Year Monthly IncomeAccount scheme8.47.8
5 Year National Savings Certificate8.58.1
Public Provident Fund Scheme8.78.1
Kisan Vikas Patra8.77.8
(Will Mature in 110 Months)

Download the O.M.
As the Intgerest rate of GPF
 for Central employees generally remain
 at par with PPF, it is most likely to be reduced to 8.1% in 16-17.


S.Lakshman Rao said...

The topic under the care of PMO!s Office is all about salary/Pension/Family pension due for the month(s) 03/16,04/16, and 05/16 at the existing rates,which has some higher purpose.We are seeking help from our Official side to ascertain about the action plan.Kindly select this as a topic for debate respecting !!!senior citizens!!!.Regards...

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