CDNS Adjusts National Savings Schemes Rates Amid Economic Conditions

The Central Directorate of National Savings (CDNS) has recently announced changes to the rates of return for various National Savings Schemes. This adjustment marks the fifth revision in the last five months, indicating a dynamic approach to managing these schemes.

One of the notable changes is the reduction in rates for the Special Savings Certificates (SSC). The new rate stands at 15.70 per cent, down by 10 basis points (bps) from the previous rate of 15.8 per cent. This adjustment aims to align the returns with the current economic conditions and investment landscape.

Furthermore, the Regular Income Certificates (RIC) will now offer a return of 14.64 per cent, reflecting a decrease of 12 bps from the earlier rate of 14.76 per cent. These adjustments highlight the CDNS's commitment to ensuring the competitiveness and sustainability of the National Savings Schemes.

These changes in the rates of return for National Savings Schemes by the CDNS demonstrate a proactive approach to managing financial instruments in response to market dynamics. It is essential for investors to stay informed about such adjustments to make well-informed decisions regarding their investments.