Reports reveal widespread irregularities and malpractices, including gross misuse of public funds by top management, highlighting the urgent need for banking reforms
Several private banks in India are indulging in massive irregularities and malpractices with some of these irregularities
The interest rate of 8.25 per cent on EPF is now higher as compared to small savings schemes like PPF, Sukanya Samriddhi Yojana and post office deposits, which offer up to 8.2 per cent annually
The government has kept interest rates on small savings schemes unchanged, except for 3-year time deposits on which the rate has been hiked by 10 basis points
Going by the G-Sec yields trend, the interest rates on small savings schemes are likely to be raised, says an expert, Small Savings Schemes: Govt Likely To Hike Interest Rates For January-March 2024
For the October-December 2023 quarter, the government has kept the interest rates unchanged on small savings schemes, including PPF, Sukanya Samriddhi, Senior Citizens Savings Schemes and post office time deposits