Revision of interest rates for Small Savings Schemes

By | April 8, 2016

Source: RBI


April 07, 2016

The Chairman/Chief Executive Officer
Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,
Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004

Dear Sir

Revision of interest rates for Small Savings Schemes

Please refer to our circular RBI/2014-15/536 dated April 1, 2015 on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II dated March 18, 2016, advised the revised rate of interest on various small savings schemes for the first quarter of the financial year 2016-17 (copy enclosed).

2. The contents of this circular may be brought to the notice of the branches of your bank operating Government small saving schemes for necessary action. These should also be displayed on the notice boards of your branches for information of the subscribers to these Schemes.

Yours faithfully

(V.S. Prajish)
Assistant General Manager

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