GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF ECONOMIC AFFAIRS
UNSTARRED QUESTION NO 362
TO BE ANSWERED ON 21.10.2008
Revision of Interest Rates for Small Savings
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?
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.