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June 2012

Rate of interest on Senior Citizens Savings Scheme 2004 increased.

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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Rate of interest on Senior Citizens Savings Scheme 2004 has been increased from 9% to 9.3% p.a. and on PPF it is increased from 8.6% to 8.8% p.a. with effect from 1st April 2012 — Circular DGBA.CDD. No. H-6506/15.02.001/2011-12, dated 3rd April 2012.

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