In the current market, you can save your income tax as there are various tax savers that are available. However, there are some tax savings plans like NPS, ELSS mutual funds, and Ulips that are also market-based investments but due to non-fixation of the returns, multiple investors find it as one of the causes to … Read more
On the evening of Wednesday, March 31, as the financial year was drawing to an end, the finance ministry issued an order to steeply cut administered interest rates on Public Provident Fund (PPF) and small savings schemes, with effect from the very next day, April 1. For Q1 2021-22, or April-June 2021, it slashed interest … Read more
SSS must turn viable over time, with less government intervention in fund use and gradually linking returns to markets. Synopsis The action to sharply cut interest returns on State-backed small savings schemes (SSS), and a quick correction to reverse it — in what would go down as the fastest rollback of a fairly important government … Read more
The cut in interest rates on small savings schemes of the government has been rolled back. “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,” the Finance ministry tweeted today morning. The order … Read more