Revision in interest rates in Small Saving Scheme w.e.f 01.01.2018 to 31.03.2018.
The Department of Economic Affairs under Ministry of Finance has come up with a latest notification stating the new revised interest rates for small saving deposit schemes for the quarter end March 2018.
Final Word
This is quite visible from the above table that except Senior Citizen saving scheme all other small savings deposits schemes interest rates have changed by 0.20% or 20 basis points.This is quite obvious that this trend would be followed in the coming few quarters as well.Therefore, I personally suggest that with the help of a financial planner one needs to plan his finances according to his risk profile and start investing even a small amount in equity mutual funds on monthly basis through SIP route so that one can build up a huge corpus on long term basis.
