Today Government announced interest rates of various Post Office Saving Schemes for 2014-15. These changes will come into effect from 1st April 2014 to 31st March 2015.
Below I listed the revised interest rates with previous year rates for your easy understanding.
You notice that only Term Deposit and Postal Recurring Deposit interest rates are hiked. But no changes were done to NSC, PPF, MIS and for SCSS.
Government revises these rates on yearly base as per recommendation of Shyamala Gopinath Committee. Usually these rates were arrived to align G-Sec rates. Even though interest rates looks attractive but still you need to think post tax returns from each scheme before proceeding for investment.