*Rate of Intetest for Small savings schemes of post office / Scheduled Commecial Banks during 2014 to 2024*
✅Savings and Deposit holders are facing serious erosion in their purchasing power...Net returns on account of inflation and taxes erode households' capacity to consume or Save
✅The Net returns on all kinds of domestic savings were negative return from 2013 -14 to 2023 -24 ( Except 2017 - 2019 ) *( Interest rate Minus Inflation)*
✅The situation worsens once the tax is charged on this earned interest income - Positive / negative.
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