DIFFERENT KINDS OF SMALL SAVINGS SCHEMES

There are different kinds of Small Savings Schemes suitable for various segments of the population. The Government of India have reduced the rate of interest for many of the Small Savings Scrips w.e.f. 01.03.2003 as follows:

Sl. No. Scheme  Rate of Interest w.e.f.  01.01.2001 Rate of Interest w.e.f.  01.03.2002 Rate of Interest w.e.f.  01.03.2003 1. POMIS 9.50 % 9.00 % 8.00 % 2. 1 Yr TD 7.50 % 7.25 % 6.25 % 2 Yr TD 8.00 % 7.50 % 6.50 % 3 Yr TD 9.00 % 8.25 % 7.25 % 5 Yr TD 9.00 % 8.50 % 7.50 % 3. PORD Rs. 10 becomes Rs. 758.53 after 5 years Rs. 10 becomes Rs. 748.49 after 5 years Rs. 10 becomes Rs. 728.90 after 5 years 4. NSC- VIII 9.50 % 9.00 % 8.16 % 5. PPF 9.50 % 9.00 % 8.00 % 6.  KVP Doubles in seven years and three months  Doubles in seven years and eight months  Doubles in Eight years and seven months  7. POSA 4.50 % 3.50 % 3.50 % 8. SCSS  9.00% *    -  NSS -92 Scheme was withdrawn by the G.O.I.  w.e.f  01.11.2002 The SCSS introduced w.e.f. 1-7-2004

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