GoI: Interest Rates on Small Savings Schemes lowered

On March 31, 2020, the Government of India lowered interest rates of several small savings scheme facing Economic challenges created by the threat of COVID-19 virus. Highlights The interest rates of the schemes like Sukanya Samriddhi, Kisan Vikas Patra and Pubilc Provident Funds were reduced. The changes were introduced for Q1 of the fiscal year ..

Month: Current Affairs - April, 2020

Category: Government Schemes Current Affairs

Topics: Corona virus • COVID-19 • farmer welfare • India Post • Interest Rates • Small Savings Schemes • Sukanya Samriddhi Yojana • Women Empowerment

Sukanya Samriddhi Yojana: Government cuts minimum annual deposit requirement to Rs 250

The Union Government has reduced minimum yearly deposit required under popular girl child savings scheme, Sukanya Samriddhi Yojana to Rs 250 from Rs 1,000 earlier. This has been lowered to enable more people to enjoy benefits of this scheme. In this regard, Government has amended Sukanya Samriddhi Account Rules, 2016. Sukanya Samriddhi Yojana It was ..

Month: Current Affairs - July, 2018

Topics: Beti Bacho Beti Padho • Government Schemes • National • Small Savings Schemes • Sukanya Samriddhi Yojana

Government permits banks to sell more small savings schemes

The Union Finance Ministry has allowed banks, including top three private sector lenders to accept deposits under various small savings schemes in order to encourage savings. Until now, most of the small savings schemes were sold through post offices. This decision will allow increase outlets for selling small savings scheme that will result in higher ..

Month: Current Affairs - October, 2017

Topics: Banking • Finance Ministry • National • Small Savings Schemes