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Central government: Small savings interest ratio will be revised every quarter year
Posted on: 12/Feb/2016 2:24:59 PM
The central government has announced that the interest ratio on small savings will be revised every quarter year from now onwards.
The secretary of the Central government ministry of economic affairs, Mr. Chandrakantha Das gave an interview for the press reporters on 11th February.
He informed that until now, the interest ratio for small savings was being revised only every year. From now onwards, it would be revised every quarter year.
The interest ratio on small savings will be revised in a few days.
However, there would be no changes in the schemes like Selvamagal saving scheme & senior citizens saving scheme.
The secretary informed that the central government has been closely watching the global economic growth and it is ready to face the challenges.
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