PPF or debt MFs? Where to invest in a falling interest rate scenario

Should you pick PPF, SCSS or debt mutual funds? Find out what the experts advice here

Interest rates are facing a downward spiral, which is worrying those dependent on them to no end. A 25 basis point reduction by the Reserve Bank of India (RBI) has not helped matters. Bank interest rates are now hovering between six-seven per cent for different tenures. This has meant that over the past two-three years, their income has slid by 20-30 per cent. While inflation has moderated, various costs have scaled impressive peaks, which leaves little cheer for those dependent on income from fixed deposits (FDs).

What can these people do? Are there any alternatives available to them?

Senior citizens