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Why are small savings schemes so important?

Why are small savings schemes so important? Premium On 31 March, the govt slashed interest rates on small savings schemes. The Public Provident Fund (PPF) interest rate was cut from 7.1% to 6.4%. On 1 April, the Centre withdrew its order, saying it was issued due to an oversight. Mint explains the importance of these rates Share Via Read Full Story On 31 March, the government slashed interest rates on small savings schemes. The Public Provident Fund (PPF) interest rate was cut from 7.1% to 6.4%. On 1 April, the Centre withdrew its order, saying it was issued due to an oversight. Mint explains the importance of these rates.

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