Losing interest in small savings?
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CHANDRAKANT SOLANKI, Retired Professional, Broadcast Journalism
VIGHNA, Project Manager in MNC IT company
With prompt quarterly revisions in interest rates, small savings schemes are getting unattractive in the current scenario. What are investors doing about it?
The month of July dealt yet another blow to those who invest in post office small savings schemes. For the July-September 2017 quarter, interest rates across small savings products were slashed by 10 basis points over the previous quarter (April-June 2017). The good old PPF, for instance, now fetches only 7.8 per cent vis-à-vis 7.9 per cent in the April-June 2017 period and 8.0 - 8.1 per cent i...
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