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Covid-19 makes small savings the prime channel for parking individual money

The small savings we all know about, aren't really all that small anymore. Their role as the piggy bank for the lower middle class is now changing rapidly, and they do not merely represent the small ticket monies of the low earning households.  The amount of money the public has pumped into savings deposits and certificates, essentially the investment instruments targeted at farmers, senior citizens, the girl child, salaried class, and labourers has touched nearly Rs one trillion in the first six months of the financial year (FY21). This is the highest ever contribution in six m.....

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