New Delhi: Finance Minister Nirmala Sitharaman takes again the federal government’s choice of lowering the interest rates on small financial savings.
Earlier, on Wednesday (March 31), the federal government gave a giant blow to the frequent individuals by slicing interest rates on small financial savings. However, taking it to Twitter the next day, Nirmala Sitharaman wrote, “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 Orders issued by oversight shall be withdrawn. @FinMinIndia @PIB_India”
Interest rates of small financial savings schemes of GoI shall proceed to be on the rates which existed within the final quarter of 2020-2021, ie, rates that prevailed as of March 2021.
Orders issued by oversight shall be withdrawn. @FinMinIndia @PIB_India— Nirmala Sitharaman (@nsitharaman) April 1, 2021
