Is new rate applicable to existing SCSS?

My question is whether the new interest rate is applicable to existing Senior Citizens Savings Scheme (SCSS) or only to new SCSS accounts. Is this not cheating when the government on February 16 says Sukanya and SCSS cater to social causes and hence they will not be touched? Then on March 18, conveniently after the budget session of parliament, changes interest rates.
- Prakash

This article was originally published on March 22, 2016.