This Reserve Bank of India (RBI) circular, reference number RBI201516362 DGBA.GAD.317515.02.005201516, dated April 07, 2016, informs agency banks handling Public Provident Fund, Kisan Vikas Patra 2014, Sukanya Samriddhi Account, and Senior Citizen Savings Scheme 2004 about revisions to the interest rates for small savings schemes. These revisions, mandated by the Government of India's Office Memorandum OM No.F.No. 1042016 NS.II dated March 18, 2016, are applicable for the first quarter of the financial year 2016-17. The circular instructs agency banks to notify their branches operating these schemes and display the revised rates on notice boards for subscriber information. Inquiries can be directed to V.S. Prajish, Assistant General Manager, Department of Government Bank Accounts, Central Office, Reserve Bank of India, Opp. Mumbai Central Railway Station, Byculla, Mumbai 400 008. Contact information includes telephone numbers 022 2308 4121, fax numbers 022 2300 0370, 2301 6072, and 2301 0095, and email address cgmicdgbacorbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India and the publisher of the document.
Public Provident Fund: A small savings scheme offered by the Government of India.
Kisan Vikas Patra 2014: A small savings certificate scheme offered by the Government of India, launched in 2014.
Sukanya Samriddhi Account: A small savings scheme for the benefit of the girl child, offered by the Government of India.
Senior Citizen Savings Scheme 2004: A small savings scheme for senior citizens, offered by the Government of India, launched in 2004.
Government of India: The governing authority of India, which revised the interest rates on small savings schemes.
V.S. Prajish: Assistant General Manager at the Reserve Bank of India, and author of the circular.
Mumbai, Maharashtra: City in Maharashtra where the Reserve Bank of India, Central Office is located.
भारतीय �रज़व र् बक�
___________________RESERVE BANK OF INDIA ___________________
www.rbi.org.in
RBI/2015-16/362
DGBA.GAD.3175/15.02.005/2015-16 April 07, 2016
The Chairman/Chief Executive Officer
Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,
Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004
Dear Sir
Revision of interest rates for Small Savings Schemes
Please refer to our circular RBI/2014-15/536 dated April 1, 2015 on the above subject.
The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016
–NS.II dated March 18, 2016, advised the revised rate of interest on various small
savings schemes for the first quarter of the financial year 2016-17 (copy enclosed).
2. The contents of this circular may be brought to the notice of the branches of your
bank operating Government small saving schemes for necessary action. These should
also be displayed on the notice boards of your branches for information of the
subscribers to these Schemes.
Yours faithfully
(V.S. Prajish)
Assistant General Manager
सरकार� एवं ब�क लेखा �वभाग, केन्द्र�य कायार्लय, मुंबई स�ट्रल रेल्व े स्टेशन के सामने, भायखला, मुंबई 400 008
Department of Government & Bank Accounts, Central Office, Opp. Mumbai Central Railway Station, Byculla, Mumbai 400 008
Telephone: (022) 2308 4121, Fax No. (022) 2300 0370/2301 6072/2301 0095, e-mail: cgmicdgbaco@rbi.org.in
�हन्द� आसान है, इसका प्रयोग बढ़ाइए ।