These rate cuts were on the cards for quite some time now. Following the RBI’s slashing of repo rate, the government has announced sharp interest rate cuts for small savings schemes for the first quarter (April-June) of 2020-21. The Covid-19 situation has impacted millions of livelihoods in India, forcing the government and central bank to take drastic measures to provide relief. (iii) Social Security Schemes: Public Provident Fund, Senior Citizens Savings Scheme, and Sukanya Samriddhi. (ii) Savings Certificates: National Savings Certificate and Kisan Vikas Patra. (i) Post office Deposits: Post Office Savings Account, Post Office Time Deposits (1,2,3 and 5 years), Post Office Recurring Deposits, Post Office Monthly Account,. The Small Savings Schemes can be grouped under three: The Central Government operates Small Savings Schemes (SSS) through the nationwide network of about- 1.5 lakh post offices, more than 8,000 branches of the Public-Sector Banks, select private sector banks and more than 5 lakh small savings agents. Different small saving schemes have mobilized money from households and channelized it to government so that the centre and states can finance a part of their expenditure. In this context, the Small Saving Schemes (SSSs) are important source of household savings in India. An important component of India’s financial savings scenario is the large-scale participation of general public through various small saving schemes initiated by the central government. The Small Savings Schemes can be grouped under three:. 
UPSC Geo Scientist Eligibility Criteria. 
UPSC EPFO Previous Year Question Papers.
0 kommentar(er)
