Former Union Finance Minister and senior Congress leader P Chidambaram on Thursday said that the abolition of the RBI bond is another "cruel blow" and all citizens must demand that it must be restored immediately.

In a series of tweets, Chidambaram said, "Government has dealt another blow to citizens who save, especially senior citizens. It has discontinued the 7.75 per cent RBI Bonds. Government did this once before in Jan 2018. I protested vehemently. Next day they re-introduced the bond but reduced the interest rate from 8 per cent to 7.75 per cent."