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Monday, March 21, 2016

GPF Interest rate likely to hit downward soon

Interest rate slashed in small savings, GPF likely to hit soon








Savings Deposit		Rate of Interest
w.e.f 01.04.2016
 to 31.03.2016
4.0		Rate of Interest
w.e.f 01.04.2016
to 30.06.2016
4.0
1 Year Time Deposit8.47.1
2 Year Time Deposit8.47.2
3 Year Time Deposit8.47.4
5 Year Time Deposit8.57.9
5 Year Recurring Deposit8.47.4
5 Year Senior Citizens Savings Deposit9.38.6
5 Year Monthly IncomeAccountscheme8.47.8
5 Year National Savings Certificate8.58.1
Public Provident Fund Scheme8.78.1
Kisan Vikas Patra8.77.8
(Will Mature in 110 Months)

Download the O.M.
As the Intgerest rate of GPF
 for Central employees generally remain
 at par with PPF, it is most likely to be reduced to 8.1% in 16-17.
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