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Small savings schemes interest rate news: Centre rolls back interest rate cuts on small savings schemes, calls it oversight

Synopsis A day earlier, in a blow to savers, the government had cut interest rates on small savings schemes, such as post office deposits and public provident fund, by up to 110 basis points. The new rates were to be effective today. Order on small savings interest rate cuts withdrawn: FM Nirmala Sitharaman Related The finance ministry has withdrawn its decision to slash interest rates on small savings schemes like the Public Provident Fund and the National Savings Certificate (NSC), terming it an oversight , on Thursday. The rates on such schemes will continue to remain as they were during the January-March quarter, reversing the cut on interest rates of up to 110 basis points or 1.1 percentage points announced a day earlier.

Nirmala sitharamanVikas patraNational savings certificatePublic provident fundSenior citizen savings schemeKisan vikas patraSukanya samriddhi accountSmall savings schemes interest rate newsSukanya samridhiInterest rate cutSmall savings schemes interest rateSmall savings schemesInterest rate cut rolled backவிகாஸ் பத்ராதேசிய சேமிப்பு சிஇஆர்டிஐஎஃப்ஐசிஏடிஇபொது வருங்கால நிதி

Best route to double your investment - small savings schemes vs mutual funds

Best route to double your investment - small savings schemes vs mutual funds
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Nirmala sitharamanSukanya samriddhi yojanaRakesh jhunjunwalaVikas patraYear national savings certificatesBank fdsFinance ministryFinance minister nirmala sitharamanSukanya samriddhi accountSenior citizen savings schemeApplying ruleBond fundsசுகன்யா சாமிரிட்தி யோஜனாவிகாஸ் பத்ராவங்கி ப்ட்ஸ்நிதி அமைச்சகம்

Early morning PMO order behind roll-back of small savings rate cut

Early morning PMO order behind roll-back of small savings rate cut The timing of the withdrawal of the rate cut was very crucial as it was done moments before the commencement of second phase of voting in ongoing state assembly elections Ashutosh Kumar | April 2, 2021 | Updated 00:04 IST FM Nirmala Sitharaman mentioned that the interest rate cuts were issued by oversight Early morning intervention today by Prime Minister s Office (PMO) led to the immediate reversal of sharp interest rate cuts on small savings schemes approved by Finance Minister Nirmala Sitharaman late Wednesday evening. The decision on interest rate reduction for April-June quarter of FY22 faced massive backlash due to mega pruning of rates in PPF, Sukanya Samriddhi Yojana and senior citizen savings schemes used by the people to park their life s savings.

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Centre rolls back interest rate cut order on PPF, other small savings schemes

Centre rolls back interest rate cut order on PPF, other small savings schemes
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Nirmala sitharamanSukanya samriddhi yojanaNational savings certificatePublic provident fundSukanya samriddhi accountFinance ministryசுகன்யா சாமிரிட்தி யோஜனாதேசிய சேமிப்பு சிஇஆர்டிஐஎஃப்ஐசிஏடிஇபொது வருங்கால நிதிசுகன்யா சாமிரிட்தி எண்ணுதல்நிதி அமைச்சகம்

Best route to double your investment - small savings schemes vs mutual funds

Best route to double your investment - small savings schemes vs mutual funds
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.