Today Finance Ministry lowered interest rates on few of Post Office Saving Schemes. Even though small investors may not feel the heat but investors who depend on interest income like MIS or SCSS schemes may feel the heat with this lower. I think it was better if Govt considered SCSS scheme as a separate and maintained the same interest rate. This may actually benefited our senior citizens. Below is the revised rates of all schemes.
As I updated during previous year change in my old post, this changes will be on yearly base and above rates will be effective from 1st April 2013 to 31st March 2014. These interest rates are decreased to match with current interest rates in market. Hope this decrease will not make few risk averse investors to stay away from these schemes.
Decrease in above interest may also give an opportunity for bond market investment. But it is wise if you invest after evaluating your goal and the risk involved their too.