Fixed return instruments give a curious sense of satisfaction—the comfort of knowing that returns are ass ured and your money is safe as no less than the Government of India is backing them. Small savings instruments are an umbrella term used to describe savings instruments that were once available predominantly at the post office. Over the years, some of these also became available at the bank, but the funda mental structure remained the same—these instruments come with a guaranteed fixed return with the investments available for a finite period.
These are basically depos its in which you put money and it earns an interest that is paid out when the tenure ends. There was a time not too long ago when the returns from these instruments were attractive and one could create future income streams that could be used as retirement income or savings that could help fund children’s education and so on. While the interest rates on small savings have been on a decline for about two decades now, the real change started in 2011, when it got linked to government securities (Gsecs) yields with similar maturity in the preceding year.
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Bu hikaye India Today dergisinin November 28, 2022 sayısından alınmıştır.
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