We all hear that our country's economy is getting stronger and stronger, common folks' digital transactions are on the rise etc etc. But there are very important aspects that affect the common folk but are never brought out in the open in our country. One such is the interest amount given to investers by our Banks and Financial Institutions.
While interested rates applicable to repayment in house loan, car loan etc are kept lower, investors who never take any loan and invest their hard earned money in Fixed Deposits, Mutual Funds etc are given only very low interest from 6 to 8 per cent. MF Institutions advertise 15% interest etc whereas it seems to be not a fact.
I think that BJP is better than other political parties. But still, it's priority list needs a drastic change and prompt action.
I think that our Government should look into this issue very seriously and help investors, especially retired senior citizens by fixing this anamoly and increase the interest rates.
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