Revision of interest rates on Public Provident Fund Scheme, 1968 (PPF, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004)

The Government of India has advised the reduction in rate of interest by 0.1% on various small savings schemes for the financial year 2013-14.

1. Revised rates of interest on Public Provident Fund Scheme, 1968 (PPF, 1968) will be 8.7% p.a effective from April 01, 2013 on the basis of the interest compounding/payment built-in in the scheme

2. Revised rates of interest on on Senior Citizens Savings Scheme, 2004 (SCSS, 2004) will be 9.2% p.a for the financial year 2013-14, effective from April 01, 2013, on the basis of the interest compounding/payment built-in in the scheme



TO JOIN THE EXCLUSIVE "THE BANKERS CLUB" ... Click here






News Feeds LinkedIn Banknet Group Banknet on Facebook Banknet Twitter







                





 

 




      Banking | Technology | Finance | Advertise | Terms of use | Disclaimer | Contact us
                         Banknet India | All rights reserved worldwide.