CURRENT AFFAIRS : BANKING & FINANCE
Centre increases interest rates on small savings schemes for April-June Quarter of FY24
- The Union Ministry of Finance has increased the interest rates on various small savings schemes between 10-70 basis points (bps) for the first quarter (Q1) of the fiscal year 2023-24 (FY24) starting from April 1, 2023 to June 30, 2023.
- This is the third time in the past 9 months that the interest rates on small savings schemes have been increased.
