News From Press Big hike in small savings rates: Should you invest now?

Big hike in small savings rates: Should you invest now?

Source: The Economic Times Sep 24, 2018

The government has increased interest rates of several small savings schemes for third quarter of October-December, 2018.

The government had linked rates of small savings schemes to yields of government papers of similar maturity in 2016 while announcing the quarterly settings of interest rates.

This hike is a result of the rise in interest rates of government bonds in the recent past.

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