Revision of Interest rates for small savings schemes.

No. 6-1/2011-NS.II (Pt.)
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 26th March, 2012.

OFFICE MEMORANDUM

Sub:- Revision of Interest rates for small savings schemes.

   The undersigned is directed to refer to Ministry of Finance’s O.M. of even number  dated 11th  November, 2011, vide which the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned.

   2. One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1st  April of that year. Accordingly, the rates of interest on various small savings schemes for the financial year 2012-13 effective from 1.4.2012, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:

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Loans and Advances by the Central Government - Interest rates and other terms and conditions.

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F.No.5(3)-B(PD)/2011
Government of India
Ministry of Finance
Department of Economic Affairs

New Delhi, the 19th March, 2012

OFFICE MEMORANDUM

Subject:- Loans and Advances by the Central Government - Interest rates and other terms and conditions.

   Reference this Ministry's Office Memorandum F.No.5(3)-B(PD)2010 dated 31st December, 2010 on the captioned subject.

2. The lending rates prescribed in the aforesaid Office Memorandum have been reviewed.  The revised rates of interest applicable from 1st April, 2011 are given in the Table below:-

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