National Small Savings Fund

In order to account for all the monetary transactions under small savings schemes of the Central Government under one umbrella, “National Small Savings Fund” (NSSF) was set up in the Public Account of India w.e.f. 1 April, 1999.  The net accretions under the small savings schemes are invested in the special securities of various States/Union Territories (with legislature)/Central Government. The minimum obligation of States to borrow from the National Small Savings Fund (NSSF) was brought down from 100 per cent to 80 per cent of net collections w.e.f. 1 April, 2007. (Source: MoF)