ng Schemes showed a negative picture which means net withdrawal. The net withdrawal from NSS was Rs317.3 billion in FY21, Rs358.7bn in FY22, Rs381.8bn in FY23 and Rs111.7bn in FY24.
The NSS caters up to four million customers, mostly retired persons keep their money to earn risk free profits. The interest rate trend shows that the State Bank would further reduce the rate in coming months and could bring it to 14-16pc provided the consumer price index remains within the estimated target.
This fall in the interest rate would further reduce the profits on NSS.
