Small saving scheme investors can look at NCDs, NPS Tier II

The government may not significantly cut rates on small savings schemes but there are other options one can look at

Equity savings cap on pension of govt staff might be raised

While the bonds yields have declined in the past three to six months, government may only marginally tinker with the interest rates on its small savings schemes in September. “While the interest rates are now formula driven, the government would not revise it downwards in this quarter. If at all, there’s any change, it would not be significant,” says Arnav Pandya, a certified financial planner. Pandya explained that the government had changed the way it calculates the interest on small savings schemes after banks said that they are unable to lower lending ...