Increase the interest rate of sr.citizens paid by banks to 12%
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The govt what to make sr.citizens healthy.cheerful and self dependent, For that a subsidy like thing or a special schme is needed on their deposits, depending on the rate of inflation.Suppose the inflation rate is 7,the interest paid to them must be the usual rate+ the inflation rate.
Nucleus families are order of the day.So ,for those who dont have pension and purely dependent on their earned n saved money ,ther is no other option than a national bank,
T he sr .citizens cannot with stand the flactuations of their life unless some special help from govt.Suppose a sr.citizen saved 40 lakhs for the rest of his life and parked the funds in bank ,the interst should be like this:Pay 12% for 20 lakhs ,pay usual rate of 7% on the remaing 20 lakhs, Extend this scheme only non pensioners
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