September 25, 2008

Revised Interest Rates of Central Directorate of National Savings, OCT 2008

The Central Directorate of National Savings (CDNS) has increased interest rates on different saving schemes which will be effective from October 1.

Interest rate of Regular Saving Certificates has been raised from 11.52 to 13.30 percent and

Special Saving Certificates from 11.25 to 12.8 percent.

The interest rates on Pensioners' Benefit Accounts and Behbood Saving Certificates have been increased from 13.56 percent to 15 percent.

However, there is no increase in the interest rates of Defence Saving Certificates.

An important feature of the revision of rates by the CDNS is that the persons, using old saving schemes, can switch over to the new schemes by paying nominal services charges.

The rates on all saving schemes would be revised from time to time to adjust rates, taking into account market situation instead of every six months.

The CNDS also moved a proposal to the government for including disabled in the Behbood Saving Certificates.

The Finance Ministry now seems committed towards launching new saving schemes and certificates, including short-term investment scheme in an effort to bridge the gap between short- and long-term investment schemes.


Interest Rates have now been further increased.


The Central Directorate of National Savings (CDNS) has increased interest rates on different saving schemes which will be effective from December 1.


Interest rate of Regular Saving Certificates has been raised from 13.3 to 15 percent and Special Saving Certificates from 12.8 to 14.4 percent.


The interest rates on Pensioners' Benefit Accounts and Behbood Saving Certificates have been increased from 15 percent to 16.8 percent.


However, there is no increase in the interest rates of Defence Saving Certificates.

All the investors would now get profit of Rs. 1400 per month on an investment of Rs. 100,000 with effect from February 1, 2009.


Moreover, the existing investors of National Savings Schemes will no longer be required to withdraw or disinvest their investments, therefor, no service charges will be deducted.


Old profit rates of 12.15% are still applicable for investments in Defence Saving Certificates.

Interest Rate on Special Saving Certificates Scheme has now been reduced to 14.2% from 15.2% having a three years maturity period.
Rate of Interest on Regular Income Certificates has also been lowered to 13.6% from 15%.
The Interest rate offered to senior citizens on the Behbood Savings Certificates Scheme has also been lowered to 16.1% from 16.8%.
Profit Rates on Defence Saving Certificates are still hovering on 12.15%.
The above mentioned rates are effective from 1st April.
Moreover, this cut in interest rates will not be applicable to the old investments and the already enrolled account-holders and beneficiaries will continue to get their monthly profits as per previous rates.


As on 01-10-2010
The rates for 
Special Savings Certificates, 
Regular Income certificates and 
Defence Saving Certificates 
have been enhanced from 
11.67 percent 
12.00 percent and 
12.15 percent, 
12.36 percent and 
12.60 percent p.a. respectively, says a press release. 
The profit rate of 
Savings Accounts has also been enhanced from 
8.50 percent to 8.75 p.a., 
which the rates on schemes of 
Pensioners Benefit Accounts and 
Bahbood Savings Certificates have been fixed at 
14.64 percent 
in line with the policy of offering subsidized rates to specialized segment of the society.

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