Edited and reposted on 02.07.2021: The rate of interest payable by banks on overdue deposits differs depending upon the instances like renewal or non-renewal of the deposit for a minimum stipulated period, death of the depositor before the maturity of the deposit, death of the depositor after the maturity of the deposit, interest payable on…
The government has decided to keep the interest rates for small savings schemes unchanged for the July-September quarter, the fifth in a row. The last revision in small savings rates was for April-June 2020. This was announced by the finance ministry via a circular dated June 30, 2021. Thus, the interest in the small savings…
Edited and republished on July 2,2021 The Government of India has approved the extension of the Interest Equalization Scheme for pre-shipment and post-shipment Rupee export credit, with the same scope and coverage, for three more months i.e., up to September 30, 2021. The extension takes effect from July 01, 2021, and ends on September 30,…