What is the safe place for them?This is the most worried point these days for the common people. There are many retired people who worked in private organisation. They will get their retirement benefits in the form of PF and gratuity. They will generally keep this money in the banks and spend their days with the interest that is being come monthly to them. The EPF pension they will be getting is very minimum.
But recently the scams that are getting revealed in the banking sector and the way the interest rates are coming down is unexplainable. So these retired people are very much worried. Earlier days everybody is having a feeling that banks are safe. But that concept also going away these days. By giving to private parties there is no guarantee of the original amount also getting back. Now for them, it is a big puzzle to decide on the safe and reasonable returns. Any suggestions from the members?