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Centre rolls back interest rate cut order on small savings schemes

Facing a severe social media backlash over the interest rate cuts in small savings schemes like the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, senior citizen savings scheme, current deposit, and a host of other such schemes on March 31, the finance ministry has rolled back the decision. FM Nirmala Sitharaman announced the roll back in a tweet this morning. Watch the video for more. Also Read | Centre rolls back interest rate cut order on PPF, other small savings schemes

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