Govt withdraws orders related to changes in interest rates of small savings schemes

The government has withdrawn its orders related to the changes in the interest rates of small savings schemes with Finance Minister Nirmala Sitharaman saying that interest rates on small savings schemes will continue to be at the levels as in March 2021.

In a tweet, Sitharaman said that Government of India shall continue to be at the rates which existed in the last quarter of 2020-2021. It implies that the interest rates on small savings schemes will continue to be at the pre existing levels that prevailed as in March 2021.

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