MF News
Government cuts small savings rates cut by 10 bps
Government cuts small savings rates cut by 10 bps
Interest rates on small savings schemes are revised every quarter and are linked to the yields of government bonds.
Team Cafemutual Apr 1, 2017
| Instrument |
Effective Rate (%) from 01.01.2017 to 31.03.2017 |
Effective Rate (%) from 01.04.2017 to 30.06.2017 |
| Savings Deposit |
4 |
4 |
| 1 Year Time Deposit |
7 |
6.9 |
| 2 Year Time Deposit |
7.1 |
7 |
| 3 Year Time Deposit |
7.3 |
7.2 |
| 5 Year Time Deposit |
7.8 |
7.7 |
| 5 Year Recurring Deposit |
7.3 |
7.2 |
| 5 Year Senior citizens saving scheme |
8.5 |
8.4 |
| 5 Year MIS |
7.7 |
7.6 |
| 5 Year NSC |
8 |
7.9 |
| PPF |
8 |
7.9 |
| Kisan vikas patra |
7.7 |
7.6 |
| Sukanya samriddhi account scheme |
8.5 |
8.4 |
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