Burre Din for Retirees from Private Sector
Govt to halt sale of GOI 8% Savings (Taxable) Bonds
Government’s savings bonds, on which it paid an 8% fixed rate of interest, will be withdrawn on January 2, 2018 — that will be the last day these bonds will be sold by the government, a notification on the RBI website said.
The savings bonds were one of the last resorts of senior citizens and retirees to earn higher interest income at a time when fixed deposit rates are falling.
After reducing the rate of interest on Senior Citizens Savings Scheme to 8.3% from 9.3% which caused a lot of hardship to senior citizens who do not get pension, this is another blow to them.
Is this Sabka Sath and Sabka Vikas and Achhe Din promise by the Prime Minister? It appears that someone in government is hell bent on hurting Retirees from Private Sector to turn them against BJP and Shri Narendra Modiji.
We request Local Circle Manager to bring this to the notice of PM immediately for damage control. more
Government’s savings bonds, on which it paid an 8% fixed rate of interest, will be withdrawn on January 2, 2018 — that will be the last day these bonds will be sold by the government, a notification on the RBI website said.
The savings bonds were one of the last resorts of senior citizens and retirees to earn higher interest income at a time when fixed deposit rates are falling.
After reducing the rate of interest on Senior Citizens Savings Scheme to 8.3% from 9.3% which caused a lot of hardship to senior citizens who do not get pension, this is another blow to them.
Is this Sabka Sath and Sabka Vikas and Achhe Din promise by the Prime Minister? It appears that someone in government is hell bent on hurting Retirees from Private Sector to turn them against BJP and Shri Narendra Modiji.
We request Local Circle Manager to bring this to the notice of PM immediately for damage control. more
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I think the interest rates for Sr Citizens (up to a limit on FD) should remain constant to protect the retired people income. more
Jan 03
Senior Citizens are approx 13 crores,out of this I am sure non pensioners must be around 10 crores.If this 10 crore Vote NOTA I am sure Govt will be awakened and will be compelled to look in to their grievences. more
Jan 03
Govt should create a ministry specially for Senior Citizens and that should look after their welfare and resolve their grieviences.Now a days number of Senior Citizens (Above 60 yrs) are quiet high and is increasing every year.Or we all can use NOTA during voting of any election. more
Jan 03
Is there any association / NGO for retired senior citizens through which representations can be made to the Govt. strongly ?. I strongly feel that if the existing trend will continue and govt. will not look into serious grieviences of senior citizens, almost all senior citizens will not vote for this Govt. in many elections ahead including 2019. Even youngsters of today will also co-operate senior citizens on the subject . Ultimately, they know that they have to bear additional expenses for their age old parents out of limited income. PMO and finance ministry needs to take remedial steps immediately OR else be prepared to lose further elections. more
Jan 03
