Should interest rates of small savings schemes be cut? Experts are divided on the matter

Should interest rates of small savings schemes be cut? Experts are divided on the matter

The government slashed small savings interest rates on 31 March, only to withdraw the order the next day. ET Wealth speaks to experts to get their views on this issue. Ajit Menon, CEO, PGIM India AMC: No 81906720The argument to dereregulate small savings rates arises primarily from the concern that higher rates can impede rate transmission. Banks have flagged this as a reason for sluggish deposit growth and inability to lower lending rates.

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