So, small savings rates across the spectrum have been cut including that of the ever popular PPF, Senior Citizens Savings Scheme and the Sukanya Samriddhi Yojana.
In fact, the rates will now be reset every quarter.
Here is the new rate structure applicable on Small Savings Instruments from April 1, 2016:
People are shocked and dismayed at this drastic cut.
Unfortunately, if you too are, then you are missing the real picture. To see this real picture, you would have to add another column to the above table, that of inflation rate.