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.

Three Categories of SSIs ....

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