NEWS & ADVICE : FIXED DEPOSITS
FD rates should be upped, seek senior citizens
By Neelima Shankar
Nov 22, 2011
Print    Email    RSS   

Senior citizens have requested banks for higher interest rates on fixed deposits than the present ones being offered to them.

It has been urged by the All India Senior Citizens' Confederation (AISCCON) that they should be offered 2% raised interest than what offered to general citizens on various fixed deposit schemes.

Presently, senior citizens are offered additional 0.5% to 1% interest on FDs.

They have also urged for more liberal insurance schemes.

According to President of AISCCON, Mr R N Mittal, apart from these benefits, all state governments should ensure 50% concessional fares to them in state road transport vehicles.

CMD of public sector lender, Bank of Maharashtra, Mr Anup Shankar Bhattacharya, who attended the annual conference of AISSCON said that it is advised to senior citizens to bank with PSBs and also avail their facilities.


 


(Comments Posted : 1) Post Your Comments
1. This is a good action.
NEETU SINGH indirapuram noida (Posted: Nov 24, 2011)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Things you should know while filing income...
Need of nomination in bank accounts
Regular fixed deposits in India: Great way...
Haven’t filed a return of your income?...
12 point conduct checklist for bank and...


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive