U-turn: Order for reduce in rates of interest of small financial savings schemes withdrawn


Tribune Web Desk

Chandigarh, April 1

The Government of India withdrew the lowered rate of interest on Small Savings Schemes announced earlier, and now the rate of interest on these remain unchanged as the last quarter of 2020-2021, said Union Finance Minister Nirmala Sitharama on Thursday.

“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 Orders issued by oversight shall be withdrawn, ” tweeted the Finance Minister.



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