The government should leave interest rates of small savings schemes unchanged at least till the end of this financial year.
According to RBI, the government should be offering 6.63 % in the current quarter after factoring in the average yield of 6.38% on G-secs
The interest rate on home loans now starts at 6.50 percent, down from 6.85 percent previously
No big commercial bank offers more than 3% in the normal savings account.
If you're in a tight spot, you can go for a low-interest personal loan.
The government should stay away from a rate cut in small savings that come up for revision once every quarter.
SBI Savings Plus account is a unique savings account that can help you to earn higher interest on your savings account balance.
As new Covid cases have seen a considerable decline, all eyes would be on state governments for further easing of the restrictions.
There are a few banks that allow an individual to make an FD without opening a savings account with them.
The bank has also reduced the interest rate on the savings account by 10 basis points, with effect from September 1, 2021.