Lucknow, Apr 2 (PTI) Samajwadi Party supremo Akhilesh Yadav on Friday asked the BJP government at the Centre to withdraw forever any decision on slashing interest rates on small savings, saying its decisions have created fear among people.

The government on Thursday revoked a steep interest rate cut on small savings schemes such as PPF and NSC, with Finance Minister Nirmala Sitharaman saying it was an oversight.

In a tweet in Hindi, Yadav said, the "BJP government by conspiring to reduce interest rates on PPF and small saving schemes of common people has created fear among elderly, women and common man that interest rates might go down to zero per cent also on their savings.How will they survive then. BJP government should withdraw its decision forever".

Reacting to Yadav's remarks, BJP spokesman Chandramohan tweeted, "This shows you studied in Australia. Read something in India also. This was made clear yesterday that interest will remain the same. Why are you becoming brother of Pappu."

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)