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.