So Nirmala Sithraman has referred it as oversight as such a big decision can not be given by the concurrence of the Govt of India as it affects retirees.
The rephrased order by Nirmala Sitharaman can be read as Orders issued by the oversight of lower grade babu who was not aware
of the election, the schedule will be reissued on 3rd May
So this reduction in the rate of interest is going to happen, maybe delayed by a qtr.
Indian stock market margin system is being reduced and becoming zero
by Sep 21 which is an indication that the market is heading for a
lower interest regime.
So, all those looking to get some income tax rebate through NSC can consider investing at the beginning of the year to get the benefit of higher interest rate locking.
All those with a small capital of Rs 10000 can consider going our way of trading Bank Nifty Option tip every day and start making a profit as a daily habit and stop worrying about the interest rates.
As of now, Govt has canceled the below letter whatever maybe their reasons but this letter will soon see the light of the day post-elections.
