The government will be keeping the interest rates on various small savings schemes like PPFY, SSY, and NSC unchanged, meaning it would be the same as the previous consecutive quarter
A number of banks have revised their fixed deposit (FD) interest rates in December 2024, including Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank and Bank of Maharashtra.
The updated guidelines were initially announced in a circular on August 21, 2024, and were aimed to “regularise irregular small savings accounts” (Representational Image/Shutterstock)
The Chinese national flag flies at half-mast at the headquarters of the People’s Bank of China, the central bank (PBOC), as China holds a national mourning. National flags were lowered to half-mast across the country, including in the capital’s Tiananmen Square. (Carlos Garcia Rawlins / REUTERS)
