No Change In Interest Rate Of Small Saving Schemes
A large proportion of India’s population participates in the several government saving schemes. In this regard, a very important source of savings for the households in the country is made through the small saving schemes (SSSs) that include public provident fund, post office deposits, senior citizens savings scheme, time deposits and much more.
The basic objective of the government through these schemes is to support the social security as well as help in resource mobilization for the government. Talking about the interest rate of these schemes, the rate of interest is slightly high as compared to that of other financial schemes. The interest rates were expected to be hiked but to the disappointment of the fixed income group and the savers, the government has not come up with any chang...