Small Savings Instruments (SSIs)
- Recently, the government raised the rates offered for most small savings instruments (SSIs) in the range of 40 basis points (bps) to 150 bps over the last five quarters.
- The Small Savings Instruments (SSIs) are government-managed savings tools that aim to encourage regular saving, regardless of age.
- They offer higher returns as compared to bank fixed deposits, along with a sovereign guarantee and certain tax benefits.
- Interest rates on them are adjusted quarterly.
- All amounts raised by it are pooled in the National Small Savings Fund, which is utilized by the government in order to address its fiscal deficit.
- SSIs are divided into 3 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
News Snippets
- 1 Asian Organisation of Supreme Audit Institutions (ASOSAI)
- 2 Core Programme
- 3 NCLAT
- 4 Public Account Committee (PAC)
- 5 National Test House (NTH)
- 6 e-Shram Portal
- 7 Quality Council of India (QCI)
- 8 State Finance Commission
- 9 44th General Assembly of the Olympic Council of Asia
- 10 BHASKAR Portal
