Shiv Sena MP urges Sitharaman to fix special interest rates for senior citizens

4 months ago 46

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Shiv Sena person Priyanka Chaturvedi has urged Finance Minister Nirmala Sitharaman to supply a peculiar involvement complaint connected slope fixed deposits for elder citizens and region the headdress connected investments successful postal savings strategy and nationalist provident fund. In a missive to Sitharaman, Chaturvedi said little involvement rates connected savings schemes person near elder citizens with little status funds and enactment a terrible strain connected their pockets, peculiarly during the COVID-19 pandemic.

"The Union Budget offers the authorities this accidental to resoluteness these concerns and supply alleviation to the radical of our country," Chaturvedi, a Rajya Sabha subordinate from Maharashtra, said.

"Currently, involvement rates are highly debased considering the precocious inflation. Interest rates successful fixed deposits implicit the years has travel down from 12 per cent to 5 per cent, station offices savings person travel down to astir 7 per cent with a headdress of Rs 15 lakh connected investments," she said.

"In lawsuit of PPF, it has a headdress of Rs 1.5 lakh lone annually. Further, each of these barring the PPF are taxable," she said, adding lowering of involvement rates has made it hard for elder citizens and retired employees to person capable income to tally their households.

Chaturvedi asked Sitharaman to supply a peculiar complaint of involvement connected slope fixed deposits keeping the concerns of elder citizens and retired persons.

She besides requested the concern curate to region the headdress connected station bureau savings strategy and PPF to let a dependable root of unafraid income to elder citizens keeping successful caput the rising outgo of living.

The Rajya Sabha subordinate said the contented of diminution successful involvement rates connected tiny savings schemes specified arsenic PPF, elder citizens savings scheme, nationalist savings certificate and station bureau savings strategy were brought to her announcement by elder citizens, non-government retired employees and their associations.

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