Open letter to PM office * * with respect. *

Open letter to PM office * * with respect. *

I am a senior citizen and had deposited ₹ 20 lakhs in a nationalized bank for 5 years on 01 August 2012

I was being paid ₹ 17676.00 per month interest amount, who was able to live a financially worry free life.

On the maturity date when the bank reinvented the amount now I am getting only * ₹ 10416 * interest i.e. getting less * ₹ 7260 /* per month. Which is being paid with 40 % less on previous returns.

Can you advise me why I should take this loss or quit consuming my medicines, flour, lentils, vegetables, fruits, milk etc?

Nothing has been done and no facilities have been given to seniors since they came to power in 2014 But what existed in 2014 was also taken back.

No goods or services available due to inflation at the price of 2014

Yes, you've been able to bring in inflation and index figures, but not at actual prices.

The senior citizen is not able to even dare to use the essential items of daily life, flour, dal, rice, salt, besan, onion, tomato, vegetables etc. properly.

I know you have answers to these issues like banks deposit / advance depends on interest, demand and supply. With the season of agricultural products, the prices of daily use items keep changing.

But the fast rise of prices straight up, can't be justified for these reasons.

If the government wants to provide cheap credit to industries, do it. But seniors deposit should not be at the cost of interest.

Banks are sitting on the NPA volcano and all the good money is being diverted to bad money.

But isn't it the duty of the government to enable seniors to live dignified lives who have spent thousands of days / 30-40 years of their golden life working in various organizations serving the country?

I just don't understand how to meet this 40 % income shortage when inflation has gone up over 200

Is any Central & State Govt Minister / MP / MLA ready to cut their salary and allowances from this percentage? If not then why should senior citizens bear it.

Maybe because like you we don't have the power to modify our own pay allowances and perks from time to time. Full year pay allowances etc are given for work in just 3 months session a year.

When it comes to increasing your salary, pass without any discussion in one or 2 minutes, all ruling and opposition come together.

For this increase, you don't look at fiscal, deficits, economics and any other factors.

The government had first started a scheme for the deposit of senior citizens at 9.20 % but in July it was reduced to 8.3 %, and then reduced to a 7.4 % in May 2020 Also, the maximum limit of deposit has been crossed to only Rs 15 lakh. Which is unfair.

It is requested that the minimum interest rate for seniors should be 12 % and the maximum amount limit should be equal to one person's terminal benefits.

Government should ensure financial respect to senior citizens.

I'm sure you'll understand the plight of those who get a share of their current expenses from the interest of their lifetime savings.

I'm sorry if I offended you in any way.

Thank you and regards

-- All Indian senior citizens

Dear brothers, if you agree, send it to 10-20 brothers