» Folks investing in PPF or Sukanya Samriddhi scheme need not worry — the rate cuts have been rolled back Folks investing in PPF or Sukanya Samriddhi scheme need not worry — the rate cuts have been rolled back Rounak JainApr 1, 2021, 09:51 IST Finance Minister Nirmala Sitharaman has announced a roll-back of interest rate cutsBCCL The government has withdrawn its interest rate cut order, bringing relief to Indians who invest in small savings schemes. The initial order announced cuts as sharp as 1.1% points, with some of the schemes barely beating the prevailing inflation rate. Finance Minister Nirmala Sitharaman said that the initial order was ‘issued by oversight’.The Indian government had declared late evening on March 31 that small savings schemes including savings deposits of up to 5-year duration, Public Provident Fund (PPF), Sukanya Samriddhi scheme, Senior Citizens Savings schemes, and more will yield much lower interest than they do now.