Small savings schemes: Rate of interest for July-October quarter of FY 2016-17

Know the rate of interest on various small savings schemes for the July-October quarter of 2016-17 fiscal.

Zee Media Bureau

New Delhi: Government has kept interest rates unchanged for various small savings schemes for the July-October quarter of 2016-17 fiscal.

In February this year, the Finance Ministry had announced that small savings rate will be set quarterly to align them with market rate of government securities.

Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2016-17, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: