Revision of interest rates for Small Savings Schemes to be effective from third quarter of Financial Year 2016-17

Revision of interest rates for Small Savings Schemes to be effective from third quarter of Financial Year 2016-17

Revision of interest rates for Small Savings Scheme from 1st Oct, 2016 to 31st Dec, 2016

Instruments	Rate of interest  w.e.f. 01.07.2016  to 30.09.2016	Rate of interest  w.e.f. 01.10.2016  to 31.12.2016	Compounding  frequency*
Saving Deposit	4.0	4.0	Annually
1 Year Time Deposit	7.1	7.0	Quarterly
2 Years Time Deposit	7.2	7.1	Quarterly
3 Years Time Deposit	7.4	7.3	Quarterly
5 Years Time Deposit	7.9	7.8	Quarterly
5 Years Recurring Deposit	7.4	7.3	Quarterly
5 Years Senior Citizens Savings Scheme	8.6	8.5	Quarterly and paid
5 Years Monthly Income Account Scheme	7.8	7.7	Monthly and paid
5 Years National Savings Certificate	8.1	8.0	Annually
Public Provident Fund Scheme	8.1	8.0	Annually
Kisan Vikas Patra	7.8  (will mature in  110 months)	7.7 (will mature in  112 months)	Annually
Sukanya Samriddhi Account Scheme	8.6	8.5	Annually

Source : http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/Revision_IR_SSShemes29092016.pdf