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Finance Minister withdraws order cutting rates for small saving schemes

No slashing of interest rates on small saving schemes

Shortpedia

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Union Finance Minister Nirmala Sitharaman announced the withdrawal of order slashing rates for small saving schemes. "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 Orders issued by oversight shall be withdrawn," the Finance Minister tweeted. The interest rate on PPF was slashed by 0.7%.


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