Decking up small savings

.....Small savings schemes have witnessed net withdrawals over the last two years, mainly because the returns offered were much lower than those on bank deposits and other investment avenues. The situation, however, is now set to reverse. With the RBI cutting its policy rates by 75 basis points in the last one year, banks have revised their term deposit rates by a similar degree. What is more, further deposit rate cuts of 50 basis points too appear likely over the next one year, with the pressure on banks to reduce lending rates. .....

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