Loans and Advances by the Central Government – Interest rates and other terms and conditions.

F.No.5(3) – B (PD)/2013 
Government of India 
Ministry of Finance 
Department of Economic Affairs

New Delhi, the 12^th November, 2013

OFFICE MEMORANDUM

Subject: Loans and Advances by the Central Government  – Interest rates and other terms and conditions.

   Reference this Ministry’s Office Memorandum F.No.5(3) – B (PD) 2012 dated 7^thJanuary, 2013 on the captioned subject.

   2. The lending rates prescribed in the aforesaid Office Memorandum have been reviewed. The revised rates of interest applicable from 1^st April, 2013 are given in the Table below:

Resolution – accumulations at the credit of subscribers to the GPF and other similar funds – 2012-2013.

(PUBLISHED IN PART I SECTION OF GAZETTE OF INDIA)
F.No.5(1)-B(PD)/2013
Government of India
Ministry of Finance
(Department of Economic affairs)

New Delhi, the 8th April, 2013

RESOLUTION

   It is announced for general information that during the year 2013-2014, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.7% (Eight point seven per cent) per annum. This rates will be in force during the financial year beginning on 1.4.2013.

The funds concerned are :-

1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.

   2. Ordered that the Resolution be published in Gazette of India.

Sd/-
(Peeyush Kumar)
Director (Budget)

Source:http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/resolution13.pdf

GPF and SDS Interest Rates Revised for the Financial Year 2012-13.

   Government of India has revised the Interest Rates for the financial year 2012-13 in respect of State PFs (GPF) and Special Deposit Schemes (SDS) for non-government Provident, Superannuation and Gratuity funds (SDS), 1975, from 8.6% to 8.8%  with effect from 01.04.2012. The funds concerned are:-
 
1. The General Provident Fund (Central Services).

2. The Contributory Provident Fund (India).

3. The All India Services Provident Fund.

4. The State Railway Provident Fund.

5. The General Provident Fund (Defence Services).

6. The Indian Ordnance Department Provident Fund.

7. The Indian Ordnance Factories Workmen’s Provident Fund.

8. The Indian Naval Dockyard Workmen’s Provident Fund.

9. The Defence Services Officers Provident Fund.

10. The Armed Forces Personnel Provident Fund.

PIB

Revision of Interest rates for small savings schemes.

No. 6-1/2011-NS.II (Pt.)
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 26th March, 2012.

OFFICE MEMORANDUM

Sub:- Revision of Interest rates for small savings schemes.

   The undersigned is directed to refer to Ministry of Finance’s O.M. of even number  dated 11th  November, 2011, vide which the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned.

   2. One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1st  April of that year. Accordingly, the rates of interest on various small savings schemes for the financial year 2012-13 effective from 1.4.2012, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:

Scheme	Rate of interest w.e.f.1.12.2011	Rate of interest w.e.f.1.4.2012
Saving deposit	4.0	4.0
1 year time deposit	7.7	8.2
2 year time deposit	7.8	8.3
3 year time deposit	8.0	8.4
5 year time deposit	8.3	8.5
5year recurring deposit	8.0	8.4
5year SCSS	9.0	9.3
5year MIS	8.2	8.5
5year NSC	8.4	8.6
10 year NSC	8.7	8.9
PPF	8.6	8.8

3. Necessary notifications, including those requiring amendments to rules of small savings schemes will be notified separately.

4. This has the approval of Finance Minister.

sd/-
(Shaktikanta Das)
Addi. Secretary to the Govt. of India

Source:http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/InterestRate_SmallSaving_26032012.pdf

Loans and Advances by the Central Government - Interest rates and other terms and conditions.

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F.No.5(3)-B(PD)/2011
Government of India
Ministry of Finance
Department of Economic Affairs

New Delhi, the 19th March, 2012

OFFICE MEMORANDUM

Subject:- Loans and Advances by the Central Government - Interest rates and other terms and conditions.

   Reference this Ministry's Office Memorandum F.No.5(3)-B(PD)2010 dated 31st December, 2010 on the captioned subject.

2. The lending rates prescribed in the aforesaid Office Memorandum have been reviewed.  The revised rates of interest applicable from 1st April, 2011 are given in the Table below:-

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