Govt rolls back sharp interest rate cut on PPF, NSC and other post office schemes

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Deal Subedar
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Govt rolls back sharp interest rate cut on PPF, NSC and other post office schemes

https://economictimes.indiatimes.com/wealth/per...

The government announced via a tweet, today early morning that the sharp cut in interest rates of small savings schemes announced last night has been rolled back. The lower rates had been announced for the first quarter of the new fiscal. Read on to know what are the current interest rates which have been restored.

“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. ..

Govt made April fool of us smile smile

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🐐 Bakre ki maa [ Janta ] kab tak Khair manayegi .

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Not sure which one is the prank, the rate cut announcement from yesterday or the renouncement today!

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modi ne soch samajh kar prank kiya hoga stuck_out_tongue

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कल तक जो रेट कट को जस्टिफाई कर रहे थे वो आज उसके रोलबैक को जस्टिफाई करेंगे.

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Rolled back till Bengal Elections. To be implemented w.e.f. 2nd may 2021

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Election ho Jane do uske baad danda hoga

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GOI ke decision is more like Goa plan… Aadhe se zyaada plans recent times mai role back hue hai

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Feeling sorry for people who were defending this move.

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shoaibmax wrote:

Feeling sorry for people who were defending this move.

what else you expect from an andhbakt they are already sold

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Yeh gormint bik gayi hai…… Full quote aptly fits the moment

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After election they will decrease

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They said that the order of rate reduction was out by mistake stuck_out_tongue_closed_eyes

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lionel.messi wrote:

They said that the order of rate reduction was out by mistake stuck_out_tongue_closed_eyes

This was a real prank , They are fooling on first April, this was not a mistake but intentional

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sunil alagh business consultant says we should praise the govt for rectifying the mistake by evening rather than after some days or a month…. he also said we should not be worried about if and whether it will be cut after elections or not grinning

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drupal wrote:

what else you expect from an andhbakt they are already sold

Still, I expect thoda sa sense!

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shoaibmax wrote:

Still, I expect thoda sa sense!

Yes! Mandir yahin banega!

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WB has the highest collection of small savings, at 15% of All India. So the reduction will directly hit the voters’ pockets. It is only temporarily put on hold. Will be back after 2nd May.

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panchabhut wrote:

WB has the highest collection of small savings, at 15% of All India. So the reduction will directly hit the voters’ pockets. It is only temporarily put on hold. Will be back after 2nd May.

The rates are decided on quarterly basis. It cannot be changed before July 1.

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