Government announces Interest Rates for various Small
Savings Schemes for FY2016
It was decided by the Government of India that interest rates on Small savings Schemes will be linked
to yields on government securities of comparable maturity. In pursuance of that decision, the
Government has decided to revise the rates applicable on various small savings schemes as given in
the table below.
Source: Ministry of Finance, Government of India. Note w.e.f stands for with effect from, SCSS stands for Senior Citizens Savings
Scheme, MIS stands for Monthly Income Scheme (MIS), NSC stands for National Savings Certificates (NSC),PPF stands for Public
Provident Fund.
Warm regards,
Dr. S P Sharma
Chief Economist & Director-Research
Skilling India for global competitiveness