would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
In MR regime, senior citizens aged over 62 years were granted to deposit a maximum amount of Rs.2.5m bearing tax free interest rate of 12% at maturity. After a plenty of enquiries of the delay in implementation, at last banks granted the concession effective 1st January, 2015.
Contrary, one reputed private sector bank informed yesterday 17th January, 2015 deposit amount is reduced to Rs.1m from Rs.2.5m at the same interest rate on maturity. On the same day, well reputed state bank stated that no circular has been received yet reducing deposit amount, so they continue on accepting Rs.2.5m as originally stated.
This shows the serious consequences of poor mechanism being implemented by banking regulator. Isn't it? No state banking official is capable of giving a precise answer to the questions raised by senior citizens. Who are to blamed?
Can any higher authority in banking sector render the clear picture of the current concession granted to senior citizens who are puzzled/stranded at banks?
Contrary, one reputed private sector bank informed yesterday 17th January, 2015 deposit amount is reduced to Rs.1m from Rs.2.5m at the same interest rate on maturity. On the same day, well reputed state bank stated that no circular has been received yet reducing deposit amount, so they continue on accepting Rs.2.5m as originally stated.
This shows the serious consequences of poor mechanism being implemented by banking regulator. Isn't it? No state banking official is capable of giving a precise answer to the questions raised by senior citizens. Who are to blamed?
Can any higher authority in banking sector render the clear picture of the current concession granted to senior citizens who are puzzled/stranded at banks?
