Lock-in your investments in small savings schemes
The revision of interest rates on small savings schemes would make them unattractive to small investors in the current interest rate scenario. Along with cutting the interest rates on short-term savings instruments by 0.25 per cent, the government has also made them market-linked, which will be revised every quarter. The labour ministry, on the other hand, raised the interest rate on employees’ provident fund (EPF) by a meagre five basis points to 8.8 per cent. Read Full Article Over Here : Business Standard News
