New Delhi: The Government of India is implementing numerous public welfare schemes to make the country’s people self-reliant and empowered. Some schemes offer substantial income opportunities through investment. You must have heard about the Public Provident Fund, the Sukanya Samriddhi Yojana and the National Savings Certificate Scheme.
Do you know that the government can cut the interest rates on these savings schemes? If this happens, then a large number of scheme holders will suffer financial loss. This will also be a significant setback for the people. The government can now review it in a day or two and cut the interest. However, nothing has been said officially yet. Such speculations are being reported in the media, which is a significant setback.
Interest rates will be cut.
The central government will review the interest rates on small savings schemes, including Sukanya Samriddhi Yojana, PPF, FD, and NS, on Monday, June 30, 2025. In such a situation, the government can decide to change the interest rates of these schemes. It is expected that the government can reduce the interest rates of the scheme during this review. The Fed raised its repo rate three times so far. After this, the repo rate has fallen by a total of 1 basis point. In such a situation, its effect can also be seen on the savings scheme. The government will not cut the interest rates much. This cut can be from 25 to 50 basis points. All eyes are on the government’s decision on June 30.
Customers will suffer
For your information, let us inform you that if the government reduces the interest rates on small savings schemes, its effect will be directly on the investors. This will result in lower returns for investors, which could be a significant setback in the face of rising inflation. Therefore, all eyes are on June 30. However, nothing has been said officially yet.