Highlights
Interest rates of small savings schemes to continue.
Rates @ that existed in the last quarter of 2020-2021.
New Delhi: Finance Minister Nirmala Sitharaman announced government decision to withdraw orders on reduction of interest rate on small savings schemes. The FM assured that the rates to the last quarter of the financial year ended March 31 will be restored. Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn, Sitharaman said in an early morning tweet.