Don't Reduce Interest Paid on Senior Cizen Savings Scheme of Banks!
This petition had 49 supporters
Many Senior Citizens had invested in Senior Citizen Scheme, a Social Security provided. Seniors were permitted to invest to the extent of Rs 15 lacs and earn interest at 9.3% which works out to Rs 11662/- per month. This stands reduced to Rupees 10500/- per month which is a big body blow to Senior Citizens who are solely dependent on interest income for the livelihood in their old age.
The Government, instead of increasing or retaining the old interest structure for Senior Citisen as a measure of social security, has now reduced it putting all the Senior Citizens to great financial hardship.
Request and appeal to all Senior Citizens and their family members, besides supporting this Appeal, to share this post with your friends so that the Government and banks may review their policies on Social Security to Senior Citizens and enable them to lead a life of dignity in their old age.
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