
The Indian government has maintained interest rates for small savings schemes unchanged for the March quarter. Rates for the National Savings Certificate (NSC) remain at 7.7%, Kisan Vikas Patra (KVP) at 7.5% with a 115-month maturity, and the Post Office Monthly Income Scheme at 7.4%. This decision comes despite the Reserve Bank of India's repo rate cuts, which had fueled expectations of downward revisions in small savings rates.
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