Saturday, February 11, 2017

Small Savings Scheme Interest

Interest rates on Small Savings Scheme from 1st January 2017 to 31st March 2017 mostly available at Post Offices, some schemes are available at banks also

Savings Deposit   4%
Fixed Deposit 1 year to 5 year 7% to 7.3%
5 year Senior Citizen Savings Scheme 8.5%
5 year Monthly Income Account Scheme 7.7%
5 year National Savings Certificate  8%
Public Provident Fund Scheme 8%
Kisan Vikas Patra 7.7% (matures in 112 months)
Sukanya Samrudhi Account Scheme 8.5%





Friday, December 25, 2015

Pre 2005 currrency notes

RBI has informed in its notification dtd 23rd December 2015 that Pre 2005 currency notes continue to be legal tender till 30th June 2016 but the same can be exchanged only at select bank branches and offices of RBI. This is in modification of earlier communication informing free exchange at any bank branches till 31st December 2015.