The rates have not been changed since September 1, 2020.
The government has retained the interest rates
on small savings for the quarter starting from January 1, 2021. The rates have not been changed since September 1, 2020.
Aditi Nayar, principal economist at Icra, said the unchanged small savings rates for the fourth quarter of 2020-21 should help the Centre
garner additional resources from this avenue. "This will aid in preventing a revision in its dated borrowing programme for the fourth quarter despite the expected sharp widening in the Centre's fiscal deficit
for the current financial year," she said.
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