Government has announced interest
rates on small savings schemes for financial year 2014-2015. This is in line with recommendations of
Shyamala Gopinath Committee for Comprehensive Review of National Small Savings
Fund.
Interest Rates on small savings schemes
While interest rates for most of the instrument
types have remained unchanged, rates on post office time deposits have been
revised upwards by 10 bps to 20 bps (100 bps is equivalent to 1 percentage
point.). Public Provident Fund remains one of the best option for long term secured investment.
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