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The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

PPF, Sukanya Samriddhi Scheme remain attractive, interest rates kept...

The interest rates on Sukanya Samriddhi account remain unchanged at 8.5 per cent.

30 March 2019 1:27 PM IST

Union Finance Minister Nirmala Sitharaman speaks during the post-budget press conference, at National Media Centre in New Delhi, Monday, February. 1, 2021. (PTI/Arun Sharma)

AA Edit | Small savings U-turn: Bad economics, bizarre optics

The government may have calculated that if the interest rates are pushed down, it can borrow on better terms to meet its...

2 April 2021 8:48 AM IST