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Budget 2022: Senior citizens get special interest rate on FD, Shivsena MP demands

Budget 2022: Senior citizens get special interest rate on FD, Shivsena MP demands

There are many demands arising before the presentation of Budget 2022.

New Delhi:

Shiv Sena MP Priyanka Chaturvedi appointed Finance Minister Nirmala Sitharaman To fix fixed deposit (FD) special interest rate for senior citizens. Along with this, he has also appealed to remove the limit of investment in postal savings schemes and provident fund (PPF). Chaturvedi has said in a letter to Sitharaman that due to lower interest rates on savings schemes, retirement funds with senior citizens are very less today. This has put a heavy burden on his pocket, especially during the Kovid-19 pandemic, which has caused him a lot of trouble.

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Chaturvedi, Rajya Sabha member from Maharashtra said,general budget There is an opportunity when the government can remove the problems of such people and give them relief. “The interest rate is very low right now in view of the high inflation. In recent years, the interest rate on FDs has come down from 12 per cent to five per cent. The interest rate on postal savings has come down to 7 per cent and the investment limit is Rs 15 lakh.

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He said that in the case of PPF, the annual limit of investment is only 1.5 lakh rupees. Not only this, except PPF, others are also taxed. It has been said in the letter that due to low interest rates, today senior citizens and retired employees do not have enough income to run their household properly.

He has urged the Finance Minister that special interest rate should be fixed on bank FDs to address the concerns of senior citizens and retirees.

(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)

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