Quick Summary
Interest rates of small savings schemes of GoI 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Orders issued by oversight shall be withdrawn.
FAQ :
The government has decided to keep the interest rates on small savings schemes at their current levels, backtracking on a previous decision to reduce them.
The current interest rates are those that existed in the last quarter of the 2020-2021 financial year, specifically as they prevailed in March 2021.
No, the government has withdrawn the orders to slash interest rates, meaning they will not be reduced.
The previous notification and any orders issued to implement the rate slash have been withdrawn by the government.
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