During the start of the first quarter of FY21, the government had lowered the rates on various schemes by as much as 1.4 percentage points. Interest rates on small savings schemes are reviewed and applied on a quarterly basis. At the end of the March, the government reduced the rates on time deposits from 6.9% in the last quarter of FY20 to 5.5% in Q1 of this fiscal.from Personal Finance News-Wealth-Economic Times https://ift.tt/31MjMXx
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