Published On : Thu, Apr 1st, 2021

Cut in interest rates ‘oversight’, cancelled

The government on Thursday withdrew the order which slashed interest rates on Public Provident Fund and other small savings schemes for the June quarter issued on Wednesday evening.

“Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn,” Finance Minister Nirmala Sitharaman tweeted.