Was it an April Fool order? : As govt drops interest rate cuts on small savings, netizens hit out at Sitharaman freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Check interest rates on small savings schemes like PPF, NSC
Check interest rates on small savings schemes like PPF, NSC
In a tweet, Finance Minister Nirmala Sitharaman said the interest rates of small savings schemes shall continue to remain unchanged from the last quarter of 2020-21 or the rates that prevailed as of March 2021. Here is a list of interest rates that will continue to apply to various small savings schemes:
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UPDATED: April 1, 2021 14:01 IST
In a major relief to citizens, the government has rolled back sharp interest rate cuts on small savings schemes. (Photo: Reuters/Representational image)
The government on Thursday rolled back sharp interest rate cuts on small savings schemes less than 24 hours after the Ministry of Finance announced new rates for the first quarter of 2021-22.
Orders issued by oversight : Government withdraws cut in small savings rates
Finance Minister in a tweet said that the overnight order has been withdrawn and interest rates on small savings will be retained at level of fourth quarter of last financial year.
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Finance Minister Nirmala Sitharaman on Thursday morning said that the government is withdrawing the cut in small saving rates.
Sitharaman, in a tweet, said that the overnight order was issued by oversight and has been withdrawn, further adding that the interest rates on small savings will be retained at the level of fourth quarter of last financial year.
Centre rolls back interest rate cut order on PPF, other small savings schemes
The government on Wednesday reduced the interest on the PPF scheme to 6.4 per cent for the April-June quarter from 7.1 per cent in the January-March period
Ashutosh Kumar | April 1, 2021 | Updated 08:30 IST
Finance Minister Nirmala Sitharaman on Thursday, March 31, announced that the government has taken back its interest rates cut order on small savings schemes
Facing a severe social media backlash over the interest rate cuts in small savings schemes like the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, senior citizen savings scheme, current deposit, and a host of other such schemes on March 31, the finance ministry has rolled back the decision.
The Congress on Thursday launched a direct attack on the ruling BJP-led Central government hours after Union Finance Minister Nirmala Sitharaman announced that the new interest rates on small savings were being withdrawn.Slamming the .