Interest rates of small savings schemes unchanged since 2 years – here’s why
The government has not changed interest rates on small savings schemes for two years. It last revised them in early 2020-21. This is despite banks drastically hiking their home and deposit rates. These hikes followed the RBI’s 140 basis point repo rate increase since May 2022. Schemes like PPF, NSC, and Sukanya Samriddhi are vital … Read more