|
REVISION OF INTEREST RATES FOR SMALL SAVINGS SCHEMES
FOR THE FINANCIAL YEAR 2014-15
|
|||||||||||||||||||||||||||||||||||||||
|
Various decisions taken by the Government of India on the recommendations of
the Shyamala Gopinath Committee for Comprehensive Review of National Small
Savings Fund (NSSF), were communicated to all concerned by the Government
through its Office Memorandum dated 11th November, 2011.
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
with the approval of the Finance Minister, the rates of interest on various
small savings schemes for the Financial Year 2014-15 effective from 01.04.2014,
on the basis of the interest compounding/payment built-in in the schemes,
shall be as under :
The necessary notifications will be notified separately in this regard in due
course.
******
DSM/KA
(Release ID :104482)(PBI 04.03.14) |
This blog is a social networking organ of AIPEU Gr-C, South Presidency Division in the daily changing networking world. It contains the news and information from not only this division, but also from all postal circles of India. We will try to post all the possible news as fast as we can.
Thursday, 6 March 2014
