Rajeev Chandrasekhar's official website - Member of Parliament

 

GOVERNMENT OF INDIA

Ministry of Finance

DEPARTMENT OF ECONOMIC AFFAIRS

RAJYA SABHA

UNSTARRED QUESTION NO 362

TO BE ANSWERED ON 21.10.2008

Revision of Interest Rates for Small Savings

 

362.

SHRI RAJEEV CHANDRASEKHAR

 

 

Will the Minister of FINANCE be pleased to state:-

(a)        Whether in view of high rate of inflation which crossed 12 percent a thirteen year high, Government proposes to revise the interest rates for small saving managed by post office as well as PPF and GPF deposits; and;

(b)        if so, the details in this regard and by when they are likely to be implemented?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PAWAN KUMAR BANSAL)

(a & (b): At present, there is no proposal under consideration of Government to increase the interest rates on Small Savings Schemes (including PPF) and GPF.