Is this hike in Interest Rates, or the beginning of the End of Small Savings? Are you ready for that?

In our last post, we have informed you about the proposed interest rate hikes in some Small Savings instruments. Political leaders and media personnels are presenting the information published in the Government order in a way, as if the motive behind was to make the Small Savings, a more attractive entity in the near future ! But, the main intention is under wraps. The rate of interests in the savings instruments of various banks are way higher than the postal interest rates. So, this was clearly an eye wash by the authority. Not only that, under its cover, they are trying to abolish the most important KVP from the Post Office savings instruments list ! Also withdrawing the 5% bonus on the maturity amount of MIS scheme!

                             Do you think that after introduction of such schemes in our department, our total collection of deposits in the small savings will be higher than the previous years ?! Is it possible? Definitely the answer of this question is ''NO''. So, what will be our future? I think, all our visitors have a clear idea of that. So, it is the right time for the united movement against this conspiracy. Let's mentally be prepared for the tough battle and eagerly wait for the directions from our top leaders. All are requested to make these things clear to every one.