New Delhi: The Government of India announced the roll-back of its previous order of steep cuts on interest rates on small schemes, announced last evening sighting “orders issued by oversight”.
Also read: LPG cylinders to get cheaper from April 1, check new rates here
The cuts in schemes ranging from the National Savings Certificates or NSC and Public Provident Fund or PPF, would have hurt millions of middle class depositors.
Also read: Air security fee hiked, Air travel to be costlier from today
"Interest rates of small savings schemes of the government of India shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn," Finance Minister Nirmala Sitharaman tweeted this morning.
Continue Reading
