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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.

Govt cuts interest rate on small savings schemes by 0.1 per cent

Interest rate for 5-year Senior Citizens Savings Scheme will now fetch a lower rate of interest at 8.6 pc from 8.7 pc.

29 Jun 2019 12:03 PM IST

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

Small savings rate may see moderation next quarter: DEA secy

Government refrained from cutting interest rates on small savings schemes, including Public Provident Fund.

3 Feb 2020 12:02 PM IST

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

Govt keeps small savings interest rates unchanged

Interest rate for the five-year Senior Citizens Savings Scheme has been retained at 8.3 per cent.

29 March 2018 12:54 PM IST

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

Small savings interest rates may not go up in April-June

For January-March quarter, govt had reduced interest rates on such schemes by 0.2 percentage points.

27 March 2018 10:29 AM IST

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

Interest rate on small savings hiked after several yrs; PPF to fetch 8...

Interest on savings deposits has been retained at 4 per cent, annually.

20 Sept 2018 10:52 AM IST