Investing in small savings schemes gives you many benefits and these schemes are government-backed, ensuring fixed returns and the safety of your investments.
During the current quarter, the government refrained from cutting interest rates on small savings schemes, such as Public Provident Fund (PPF) and National Savings Certificate (NSC), despite moderating bank deposit rates. Bankers have been complaining that high rates on small savings schemes prohibit them from cutting deposit rates.
Interest rate for the five-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 per cent, respectively
New Delhi: Small savings continued to be one of the most attractive options for Delhiites as over Rs 7,150 crore were invested in them in 2013-14 which is an increase of around Rs 310 crore
Top News
Latest News
