REVISED RATES OF INTEREST IN POST OFFICE SAVINGS SCHEME

 

i) POST OFFICE TIME DEPOSIT SCHEME

Period of Deposit Rate of interest per annum for Deposits made on or after 1.3.2002 but before 28.2.2003 Rate of interest per annum ( for Deposits made on or after 1.3.2003
 1 year TD  7.25 %  6.25 %
 2 year TD  7.50 %  6.50 %
 3 year TD  8.25 %  7.25 %
 5 year TD  8.50 %  7.50 %

 

ii ) POST OFFICE MONTHLY INCOME ACCOUNT SCHEME :

                The deposits made on or after the 1st day of March 2003 shall bear the interest       at the rate of 8 % per annum.

 

iii ) NATIONAL SAVINGS CERTIFICATE ( VIII ) ISSUE :

   

 The year for which interest accrues  Amount of interest (Rs.) accruing on certificates  of Rs.100/- denomination
 1st year

8.16

 2nd year  8.83
 3rd year  9.55
 4th year  10.33
 5th year  11.17
 6th year  12.08

 

For NSCs of Denomination 01.03.2002 to 28.02.2003        ( Rupees ) 01.03.2003 onwards                  ( Rupees )
 Rs.100  169.59  160.10
 Rs.500  847.95  800.50
 Rs.1000  1695.90  1601.00
 Rs.5000  8479.50  8005.00
 Rs.10000  16959.00  16010.00

iv ) PUBLIC PROVIDENT FUND :

                 The subscription made to the fund on or after the 1st day of March 2003 and balances at the credit of the subscriber shall bear interest at the rate of 8 % per annum.