Appeal to PM: Fix Interest Rate for Savings Bank Account holders
RBI should ensure that interest rate is only allowed to increase but can not be less than 5%.
This will help 120 Crores of middle class and poor people out of total population of 130 Crores. This ill also help people who opened account under PM Jan Dhan Yojana.
If required government should give a subsidy to small banks to maintain the 5% interest rate on SB accounts.
Local Circles may consider putting this proposal to PM. more