Restoration of Interest Rates on Senior Citizen Saving Accounts

Restoration of Interest Rates on Senior Citizen Saving Accounts

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ShashKumar Maheshwari started this petition to Finance Ministry of Government of India

Senior Citizen Saving Account was introduced by Government of India for Senior Citizens with maximum deposits of Rs.15,00,000/- with Interest Rate of 9% thereon for smooth survival of Senior Citizens,later interest rate was hiked 9.2% from 9%. 
By this earnings Senior Citizes who were retired from Govt./Private Organisation without any Pension were maintaining themselves though it was hard to survive even though they were maintains themselves.

Time to time Interest rates were reduced by Government (8.4% and now prevailing Interest Rate is 7.4%) so think,it has become difficult for the Sr.Citizen to pull on to him in such costliest day(Cost of Living going rising day by day).

I therefore requesting you to share my petition so that Government of India be compelled to restore Rate Of Interest on Sr.Saving Accounts so that we may survive normally.

I am also requesting Prime Minister/Finance Minister,Government Of India to restore the Interst rates in view of difficult survival of Sr.Citizens

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