RBI: Govt giving higher payouts on small savings

By holding small savings rates steady for six quarters, the government is paying between 47 and 178 basis points (100 basis points equal a percentage point) higher to those parking funds in public provident fund, National Savings Certificate or term deposits in post offices, the Reserve Bank of India (RBI) said on Monday. Via Times of India https://ift.tt/2hJjhqE