... risk averse people per se. This is obvious from the fact that small savings collections figures are buoyant. Savings products like the post office monthly income plan, Kisan Vikas Patra, National Savings Certificate, and even post office time deposits are seeing increased collections as investors shun traditional bank and company deposits. During the same period last year, small savings collections increased 19.3 per cent over the previous year to Rs 50,484 crore. Small investors are particularly enamored of the post office monthly income plan, which offers returns of 8 per cent per annum, with a kicker of a 10 per cent bonus on maturity. However, despite the Rs 3 lakhs maximum investment limit for an individual in this plan, new investors are attracted. Besides, new maturities have also added to the increased funds flow in small savings. Also, as bank deposits yields have fallen, more investors are shifting their deposits to post ...

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