India Keeps Small Savings Interest Rates Unchanged for March Quarter
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India Keeps Small Savings Interest Rates Unchanged for March Quarter

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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