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What is Q1 2022 Small Savings Interest Rates about?

The Indian government has maintained the interest rates on small savings schemes for the first quarter of FY2022-23, with rates ranging from 4.0% to 7.6%. The Reserve Bank of India has also issued guidelines for establishing Digital Banking Units (DBUs) in 75 districts as part of the 2022-23 Union Budget. Additionally, the RBI has set the WMA limit for the central government at Rs 1,50,000 crore and for states/UTs at Rs 47,010 crore.

Author

sarvesh2059dubey

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EN