Need for long-term fixed rate provident fund deposits

Vivek Moorthy

Document Type

Article

Publication Title

Economic and political weekly

Abstract

While it is necessary to align returns on small savings with other interest rates in the economy, a simplistic focus on lowering savings rates overlooks fundamental weaknesses in provident fund schemes. The option of long-term, fixed-income PF deposits, which are necessary for small investors planning for retirement, is not available.

Publication Date

1-4-2004

Volume

Vol.39

Issue

Iss.41

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