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RBI urges Centre to reduce interest rates on small savings schemes such as PPF and post office deposits

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(G.N.S) Dt. 10 New Delhi Looking at current situation in nation, RBI has urged the government to move forward on reducing interest rates on small savings schemes such as public provident fund (PPF) and post office deposits, to help banks pare rates on deposits and loans and lead to a better transmission of the central bank’s rate cuts. The central bank believes that a reduction in rates on the small

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