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  • Category: Miscellaneous

    Are the senior citizens happy with PM's announcement?

    Members, especially the senior citizens,
    Are you happy with the Prime Ministers announcement regarding senior citizens bank deposits and it's permanent 8% interest rates for a sum up to 7.5 lacs for a period of 10 years?
  • #587232
    Yes that was the big relief announced by the PM Modi in his address to the Nation. He has seen senior citizens who are mostly the pensioners have deposited their money in the bank and they have to stand in queue silently for hours together to get back their money. Previously the banks were having rate of interest either upside or down ward and that was not static. With the static interest rate of 8 percent per annum up to 7.5 lakh amount invested in the bank, the senior citizens are going to reap the best from their accounts. This would ensure them decent living without depending on their children who are not showing interest in them.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease


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