Dear friends,
--
On the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingly, the rate 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:
Scheme
| Rate of Interest w.e.f. 1.12.2011 | Rate of Interest w.e.f. 1.4.2012 |
| Savings Deposit |
4.0
|
4.0
|
| 1 year Time Deposit |
7.7
|
8.2
|
| 2 year Time Deposit |
7.8
|
8.3
|
| 3 year Time Deposit |
8.0
|
8.4
|
| 5 year Time Deposit |
8.3
|
8.5
|
| 5 year Recurring Deposit |
8.0
|
8.4
|
| 5 year SCSS |
9.0
|
9.3
|
| 5 year MIS |
8.2
|
8.5
|
| 5 year NSC |
8.4
|
8.6
|
| 10 year NSC |
8.7
|
8.9
|
| PPF |
8.6
|
8.8
|
Necessary notifications, including those requiring amendments to rules of small savings schemes will be notified separately.
With regards,
Bipul Kumar
FEMA & Tax Advisory Services
Wisdom Management Consultancy Private Limited
--------------------------------------------------
Reg. Office: B-94/9, Dharni Chamber, Joshi Colony, IP Extension, New Delhi-110092.
+91-9560084833 [Cell]
-------------------------------------------------------------------------------------------------------------
This message and any attachment are confidential and may be privileged or otherwise protected from disclosure. If you are not the intended recipient, please telephone or email the sender and delete this message and any attachment from your system and permanently destroy any copies or printouts thereof. If you are not the intended recipient you must not copy this message or attachment or disclose the contents to any other person. Although this email and its attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and Wisdom Management Consultancy Private Limited does not accept any responsibility for any loss or damage arising in any manner whatsoever from its use.
Wisdom Management Consultancy Private Limited is a limited liability company incorporated in India under number U74900DL2011PTC219663. The company's registered office is at B-94/9, Dharni Chamber, Joshi Colony, IP Extension, New Delhi-110092.
Bipul Kumar
FEMA & Tax Advisory Services
Wisdom Management Consultancy Private Limited
------------------------------
Reg. Office: B-94/9, Dharni Chamber, Joshi Colony, IP Extension, New Delhi-110092.
+91-9560084833 [Cell]
------------------------------
This message and any attachment are confidential and may be privileged or otherwise protected from disclosure. If you are not the intended recipient, please telephone or email the sender and delete this message and any attachment from your system and permanently destroy any copies or printouts thereof. If you are not the intended recipient you must not copy this message or attachment or disclose the contents to any other person. Although this email and its attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and Wisdom Management Consultancy Private Limited does not accept any responsibility for any loss or damage arising in any manner whatsoever from its use.
Wisdom Management Consultancy Private Limited is a limited liability company incorporated in India under number U74900DL2011PTC219663. The company's registered office is at B-94/9, Dharni Chamber, Joshi Colony, IP Extension, New Delhi-110092.
--
PROUD TO BE MEMBER OF COMPANY SECRETARY BENEVOLENT FUND
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