Why small savings scheme interest rates are a big deal3 min read 06 Apr 2021, 12:46 PM IST
Data from India Post shows 367.5 million individual accounts across small savings instruments. The mass appeal of small savings schemes makes them politically salient even though deposits in such schemes account for a small share of financial savings by households
Last week’s interest rate cut on small savings schemes—which was later revoked—wasn’t the first cut. It won’t be the last.
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