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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
Interest rates for small savings schemes, which are notified on a quarterly basis, have been kept unchanged for sixth straight quarter
Post office small savings schemes offer attractive interest rate and are also considered safe and secure
Both SSY and PPF are debt instruments. They offer relatively low but safe and secure returns.
Interest rates on small savings: The interest rate on the five-year senior citizens' savings scheme would be retained at 7.4%.
Interest rates have been falling steadily over the past few years. Among the few guaranteed-return schemes that stand out in these times, Sukanya Samr
The government should not attempt a reduction in interest rates till the infection goes away and the economy is back on the rails
A sharp cut in interest rates on small saving schemes will end up punishing the common man. The schemes are generally used by those who are not savvy
Those with adequate savings, including pensioners and senior citizens, would want the rates to be higher rather than lower. However, economics is conc