Investment
Increased in interest for PPF,NSc ,Senior citizen saving scheme , Mis (monthly income scheme) rate Notification wef 01.04.2012 w.e.f. 1.12.2011 w.e.f. 1.4.2012 Savings 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 5 year Recurring Deposit 8.0 8.4 5 year SCSS 9.0 9.3 5 year MIS 8.2 8.5 5 year NSC 8.4 8.6 10 year NISC 8.7 8.9 PPF 8.6 8.8 Read more: http://taxclubindia.com/simple/Interest%20rate%20Small_Saving_Schemes%2001.04.2012.pdf