Small Saving Schemes Rates Likely to Be Reduced: Act Now

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1. If you are risk averse investor and intends parking funds in PPF,  National Savings Certificate (NSC) and other small saving schemes than you have to take immediate action as Govt is contemplating reducing the interest rates on small saving schemes by atleast 50-75 basis points from current 8%.

2. Still some time is at hand as Govt is setting up a committee with its head as a former governor of RBI who to study the issue and suggest appropriate steps regarding the same. However this action will have direct effect on the earnings of  elderly, middle and lower middle class.


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