02 April 2012

Revision in Interest Rates of Post Office Small Savings Schemes w.e.f 1st April 2012

New Page 1
for Revised interest rate and maturity value of National Saving Certificate issued after 1st December, 2011

Revision in Interest Rates of Post Office Small Savings Schemes w.e.f 1st April 2012
Postal department has issued an order revising rate of interest on various savings scheme form 1-4-2012
The order is reproduced below
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001.
Date: 30.03.2012
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.
Subject:- Revision in Interest Rates of Small Savings Schemes w.e.f 1st April 2012.

Sir / Madam,

The undersigned is directed to say that vide its OM No. 6-1/2011-NS-II (Pt.) dated 26.03.2012,
Ministry of Finance (DEA) has revised interest rates of Small Savings Schemes from 1st of April 2012.
Detail about old and revised rates is given below:-
Name of Scheme  Period Interest rates from 1.12.2011 Interest rates from 1.4.2012
Savings Account  General 4.00%  4.00% 
Time Deposit 1 Year 7.7% 8.2%
2 Year 7.8% 8.3%
3 Year 8.0% 8.4%
5 Year 8.3% 8.5%
5 Years Recurring Deposit 5 Year 8.0% 8.4%
Monthly Income Account 5 Year 8.2% 8.5%
Sr. Citizen Savings Scheme Account 5 Year 9% 9.3%
Public Provident Fund Scheme
15 Year 8.6% 8.8%
National Savings Certificates (VIIIth)
5 Year 8.4% 8.6%
National Savings Certificate (IX-Issue) 10 Year 8.7% 8.9%
2. This is for information of the field staff as well as general public and Notifications will be circulated as an received from MOF(DEA).
3. This issues with the approval of DDG(FS)

Yours faithfully,

(Kawal Jit Singh)
Assistant Director (SB)