Interest rates for Small Savings Schemes:RBI

RBI/2017-18/120

DGBA.GBD.1781/15.02.005/2017-18

January 11, 2018

All Agency Banks handling Small Saving Schemes

Dear Sir

Interest rates for Small Savings Schemes

Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small savings schemes for the fourth quarter of the financial year 2017-18 (copy enclosed).

2. The contents of this circular may be brought to the notice of the branches of your bank operating Government Small Saving Schemes for necessary action. These should also be displayed on the notice boards of your branches for information of the subscribers to these Schemes.

Yours faithfully

(Harsha Vardhan)

Manager

Encl : as above