Curious case of revision and rollback of interest rate cut for small savings schemes | RTI Curious case of revision and rollback of interest rate cut for small savings schemes | RTI An RTI application filed by India Today TV has revealed why interest rate cuts on small savings schemes were rolled back in less than a day after the initial announcement. While Finance Minister Nirmala Sitharaman said it was an "oversight", the RTI query reveals a different story. advertisement UPDATED: May 20, 2021 20:18 IST The interest rate cuts on various small savings schemes were rolled back by the government on April 1, just a day after the revision. (Photo: Reuters/Representational image)