Bank deposit rates set to fall in new Fiscal-- Govt shall reduce rate of interest on NSC, PPF Small savings,even eyes on rate of interest on
Bank deposit rates set to fall in new Fiscal--
Govt shall reduce rate of interest on NSC, PPF
Small savings,even eyes on rate of interest on Saving Bank Account
It is indeed disheartening that Govt has decided to reduce rate of interest on PPF, NSC ,Small savings schemes, & Banks have significantly reduced rate of
interest on their term deposits. Over & above govt thinks to reduce rate of interest even of savings Bank account. Govt has not even raised deposit insurance limit on deposits, tax exemption limit of Bank inteerst.
Govt/RBI just to extend help to Public sector Banks ,tortures common man,
those who live on Interest income, those who want to invest to meet future
expenses like children higher education, marriage, buying a flat when family grows, happy retired life etc.
Govt extends subsidies to billionaire, corporate, MPs travel by Air that too
Business class, govt plots are given at throw away price, Law makers spends
huge amount on renovation of their Bungalows,offices, such wasteful expenses are allowed, but Govt discards common man's interest.
This Govt action is entirely against Public interest.
Jagdip H Vaishnav