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 Orders issued by oversight shall be withdrawn: FM Nirmala Sitharaman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Order on small savings interest rate cuts withdrawn: FM Nirmala Sitharaman.
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 Orders issued by oversight shall be withdrawn: FM Nirmala Sitharaman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Order on small savings interest rate cuts withdrawn: FM Nirmala Sitharaman
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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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Watch Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1 With HD Quality
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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 Reserve Bank has not made any changes in the repo rate since the last four MPCs. But the interest rate on loans still remains at the highest level. The effect of increasing interest rates is that people are paying more attention to FD instead of keeping money in savings account.
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Savings Account | FD | Interest Rate |
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Nirmala Sitharaman ने Corporate tax पर छूट की भी की घोषणा | nirmala sitharaman press conference
गिरती अर्थव्यवस्था और बढ़ती बेरोजगारी को लेकर विपक्ष लगातार सरकार पर निशाना साध रहा है.,.लेकिन सरकार आर्थिक मंदी का ठीकरा किसी और पर फोड़ रही है...जिसके चलते पिछली दिनों सरकार की खूब फजीहत भी हुई...लेकिन अब इस मुद्दे पर चौतरफा घिरने के बाद मोदी सरकार नींद से जागती नजर आ रही है...जिसके मद्देनजर आज केंद्रीय वित्तमंत्री निर्मला सीतारमण ने बड़े ऐलान कर कारोबारियों को राहत देने की कोशिश की है...तो क्या किए वित्तमंत्री ने ऐलान,,,,इस रिपोर्ट में देखिए....
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The Modi government at the center has given a gift to the elderly. Through this, the government has made a plan to provide a fixed income to senior citizens after retirement. Know about this scheme in this video.
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The US Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. The Fed kept its benchmark rate _ which influences many consumer and business loans _ in a range of 2.25% to 2.5%, where it's been since December. US Federal Reserve chief Jerome Powell said that trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has 'strengthened' but that they want to see more data before moving.
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