Page 2 - Small Savings

Govt retains interest rates on small savings; depositors may cheer decision

A cheer for depositors, the move is contrary to what RBI and banks had advised

In a dim market, investments in small savings instruments jump 37%

In April-June 2019 (Q1FY20), bank deposits grew by Rs 1.14 trillion, according to Reserve Bank of India data

Govt cuts interest rate on small savings schemes by 0.1 pc for Sept quarter

Public Provident Fund (and National Savings Certificate will fetch annual interest rate of 7.9 per cent.

Small savings investment hits a new high to fund power projects

NSSF offers high-volume long-term debt funding, an area where the bond market falls short

Centre hikes interest rates on small savings schemes by up to 0.4% for Q3

However, interest on savings deposits has been retained at 4%

Small savings: The holy cow few finance minister would want to touch

While they've all wanted to trim the basket of benefits that PPF offered, they've remained wary of public wrath

Two decades later, small savings return to haunt the Centre

This means, in FY18, Centre to pay out a disproportionately high interest for its smaller amount of borrowings

Govt retains small saving rates

The interest rate on PPF has been retained at 8.1%, the same as in the April-June quarter, when it was cut from the earlier 8.7%

Bonds to rally after small savings rate cut

Reserve Bank could cut policy rates by 50 bps instead of 25

Govt defends interest rate cut on small savings

Finance Minister Arun Jaitley says move to make economy more efficient