Interest rates of PPF, Kisan Vikas Patra, SCSS & Sukanya Samriddhi Account for Financial Year 2015–16 from 1st April, 2015

Please refer to our cir­cu­lar RBI/2011–12/359 dat­ed Jan­u­ary 20, 2012 regard­ing inter­est rates on small sav­ings schemes, where­in it was indi­cat­ed that as per Government’s deci­sion on revi­sion of inter­est on small sav­ings schemes, the inter­est rates on var­i­ous small sav­ings schemes for every finan­cial year will be noti­fied by the Gov­ern­ment before April 01st of that year.

2.  The Gov­ern­ment of India have vide their Office Mem­o­ran­dum (OM) No.6/01/2011-NS.II dat­ed March 31, 2015, advised the rate of inter­est on var­i­ous small sav­ings schemes for the finan­cial year 2015–16. Accord­ing­ly, the rates of inter­est on PPF 1968, SCSS 2004, Kisan Vikas Patra & Sukanya Sam­rid­dhi Account Scheme for the finan­cial year 2015–16, effec­tive from April 01, 2015, on the basis of the inter­est compounding/payment built-in in the schemes, will be as under:

Scheme	Rate of Inter­est w.e.f. 01.04.2014	Rate of Inter­est w.e.f. 01.04.2015
5 year SCSS, 2004	9.2% p.a	9.3% p.a
PPF, 1968	8.7% p.a	8.7% p.a
Kisan Vikas Patra	8.7% p.a	8.7% p.a
Sukanya Sam­rid­dhi Account Scheme	9.1% p.a	9.2% p.a

3.  The con­tents of this cir­cu­lar may be brought to the notice of the branch­es of your bank oper­at­ing the PPF 1968, SCSS 2004, Kisan Vikas Patra & Sukanya Sam­rid­dhi Account Schemes. These should also be dis­played on the notice boards of your branch­es for infor­ma­tion of the sub­scribers to these Schemes.

Yours faith­ful­ly

(Shrikant Hamine)
Manager