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Q.

Faced with a cash crunch, the finance ministry is moving a proposal to increase interest rates on small savings schemes such as Public Provident Fund and post office deposits but politics may play spoilsport.
-Is this welcome by the retired people more ?

Tags: money, careers, fund
Asked by venkatesaldevarajan, 26 Oct '11 10:23 am
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Answers (5)

 
1.

It should surely be welcomed by the pensioners and retired non pensioners, because the interest on postal schemes is too low when compared to even bank interest rates
Answered by rajnikant raiyarela, 26 Oct '11 10:27 am

 
  
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2.

It is really a good move by the finance Ministry.It will definitely a helpful scheme for the retired people.I think every sane politician support it forgetting the differences in this matter.
Answered by Ramakrishnegowda, 26 Oct '11 10:26 am

 
  
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3.

Good move
Answered by Satya Pandey, 26 Oct '11 10:26 am

 
  
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4.

If the retired lost are benefited out of any policy of the government, it has to be appreciated...!
Answered by Dil Se, 26 Oct '11 12:00 pm

 
  
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5.

Only to those who still have to invest money not to others lilke me who have already invested for long term, because the increase in rates willnot be applicable to old FDs or any kind of deposits
Answered by iqbal seth, 26 Oct '11 11:43 am

 
  
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