Back to Career News

Union Government Pushes Small Savings by Granting Portfolio Expansion to Banks

October 24, 2017

Union Government Pushes Small Savings by Granting Portfolio Expansion to Banks

In a bid to push small savings schemes in the country, the government has allowed multiple banks to accept deposits under schemes like National Savings Certificate (NSC), monthly income scheme, and recurring deposits scheme, etc. Currently, these schemes are largely sold at the post offices only.

As per the notification released by the government, now all the public sector banks along with three private sector lenders HDFC Bank, Axis Bank, and ICICI Bank can now accept subscriptions from the additional schemes.

Important Links:
Tags:
Finance

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp