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the frequent changes in iterest rates gives lot of hardeship for changing the deposits evry now and then and finally loosing interest everytime.
instead of that open flexisystem of interest should be followed those who require
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| radha (Posted: Oct 26, 2008) |
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with inflation at around 12% and YOY money supply increase of 22 % it is a pity that RBI pays 6.5% on 2003 savings bonds and 8 % for rest,taxable.
RBI should revise the rates for existing deposits or Govt must exempt these from IT for indivduals
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| K.R.BASKARAN (Posted: Oct 21, 2008) |
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I believe SBI is giving 11.5% to senior citizens for 1000 days. I suggest this should be made 12% for 400 days; that will help Sr Citizens fight the inflation.
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| Kamlesh Mehrotra (Posted: Oct 11, 2008) |
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With inflation over 12%, even with 10.5% or 11% FD rates, the purchasing power of our savings is still being slowly eroded.
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| Rangit Sanhaie (Posted: Oct 3, 2008) |
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RBI or finance ministry should have considered atleast 12% rate of interest for senior citizens so at to meet the escalation.Sr.Citizens have very limited means to manage.Any way ,11% rate of instt for 1000days would help very few.
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| arvind midha (Posted: Oct 2, 2008) |
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