Modi Govt’s new year gift: Small savings rates hiked

The finance ministry on Friday raised by up to 110 basis points interest rates on most small savings schemes which don’t extend tax benefits to investors for the March quarter. However, it kept the rates unchanged on deposits under the popular schemes with tax benefits – public provident fund scheme and the Sukanya Samriddhi Yojana – at 7.1% and 7.6%, respectively, for the January-March period.

Read more at Financial Express