Government has announced a cut in interest rates of small savings schemes. As per a finance ministry circular, dated March 31, 2021, interest rates on small savings schemes have been cut by massively between 40 -110 basis points (100 basis points/bps = 1%) for the first quarter of the financial year 2021-22. The PPF interest rate below 7% would be the first time since 1974, a 46 year low.
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Govt cuts interest rates on small savings schemes, PPF hits 46 year low of 6.4%.
Government has announced a cut in interest rates of small savings schemes. As per a finance ministry circular, dated March 31, 2021, interest rates on small savings schemes have been cut by massively between 40 -110 basis points (100 basis points/bps = 1%) for the first quarter of the financial year 2021-22. The PPF interest rate below 7% would be the first time since 1974, a 46 year low.
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Govt cuts interest rates on small savings schemes, PPF hits 46 year low of 6.4%
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The government Friday reduced interest rate on small savings schemes, including NSC and PPF, by 0.1 per cent for the July-September quarter. The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark policy rate thrice during the year.
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Interest rates of small savings schemes of the Government of India 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 Orders issued by oversight shall be withdrawn: FM Nirmala Sitharaman
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Order on small savings interest rate cuts withdrawn: FM Nirmala Sitharaman
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PPF account holders should know that depositing money before the 5th of every month earns more interest.
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There has been a big change in small schemes like PPF, today we are going to tell you about the same in this video.
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The State Bank of India cut interest rates on deposits across all maturities on Monday but analysts said it would take time for the country's largest bank to make matching cuts in its lending rates.
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My Camera - Canon EOS 200D II - Link To Purchase - https://amzn.to/3ZXuNQD
My Best Camera - Sony A7 3 - https://amzn.to/3ZjAkAJ
My Sound - GODOX MoveLink M2 - https://amzn.to/3JcqaMJ
My Light setup - GODOX LC500R RGB LED Light Stick - https://amzn.to/3SQmu6P
My Lens Setup - Sigma 18-35mm f/1.8 DC for Canon - https://amzn.to/3ZDqbyD
My Lens Setup - Canon EF50MM F/1.8 STM Lens - https://amzn.to/41CEeX4
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Home Bar Accessories - https://amzn.to/3LedEOv
Glassware - https://amzn.to/3KRPSrf
Ice mould - https://amzn.to/3EWlecr
Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink kn
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