Small Savings Schemes Current Affairs, GK & News

Small Savings Schemes: West Bengal becomes the highest contributor

The National Savings Institute operating under the Ministry of Finance recently announced that West Bengal is the top contributor to the Small Savings Scheme in the country. The state contributes 15% of the total corpus. It has so far collected Rs 90,000 crores under the Small Savings Scheme. Top performers of Small Savings Scheme West ..

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What are New Rates on PPF, Small Savings Schemes?

The government withdrew its a day before the order of reduction of 40-110 basis points in interest rates of small savings schemes including Public Provident Fund (PPF) and National Savings Certificate (NSC). What was the announcement? As per an announcement on March 31, the government announced a sharp cut in the interest rate of PPF, ..

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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 ..

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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 ..

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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 ..

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