March 18, 2020 5:38 pm
Bankers have been complaining that high rates on small savings schemes prohibit them from cutting deposit rates. Currently, there is a difference of nearly 100 basis points between deposit rate of banks and small savings rate for one-year maturity.
February 03, 2020 1:47 pm
During the current quarter, the government refrained from cutting interest rates on small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), despite moderating bank deposit rates.
March 19, 2016 8:27 am
Since the government is now moving on revising interest rates on such schemes every quarter, the new rates, therefore, will be applicable from April 1 to June 30.
December 26, 2013 2:51 pm
The total size of pension market in India is expected to rise to over Rs 2 lakh crore by 2015.
April 15, 2012 12:42 pm
The interest rate on post office savings deposit now stands at 4 per cent.