Union Government Raises Small Savings Interest Rates

Union Government Raises Small Savings Interest Rates

• Centre has raised the interest rates by 0.2% of select fixed deposit schemes offered by Post Office.
• The decision to hike was taken based on the recommendations of Shyamala Gopinath Committee.
• It (Committee) was constituted for reviewing National Savings Fund (NSF).

Exams Perspective

1. National Savings Fund
2. Shyamala Gopinath Commitee
3. National Saving Certificates (NSC)