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Savings rate News

17 Aug 2017

PNB, HDFC Bank cut interest rate on savings account by 0.5%

The new interest rates of both the banks will be effective from August 19.

Kisan Vikas Patra

19 Nov 2014

Govt aims at raising savings; re-launches Kisan Vikas Patra

With the objective to raise savings in the country, the government on Tuesday re-launched Kisan Vikas Patra (KVP), an instrument which will provide trusted option of investment to poor and keep them off ponzi schemes.

06 Nov 2014

Need to up savings rate for 7% GDP growth: HSBC

The brokerage said the current situation leaves a savings shortfall of 5 per cent of GDP.

31 Aug 2014

Household financial savings rate inch up to 7.2% of GDP

Savings in deposits by the households rose, however, to Rs 1 trillion (17 percent) in the year to Rs 6.91 trillion in FY14 as against Rs 5.91 trillion in 2012-13.

06 Jul 2014

CII on Budget: Help restore higher domestic savings rate

The first Budget of the Narendra Modi government would do well to initiate steps that would restore domestic savings rate level to at least 35 percent of GDP through tax incentives, says industry body CII.

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