• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The rate of interest from banks also keeps on varying depending upon several factors like PLRs, CRRs etc. Further, the rates vary from bank to bank. We suggest that there should be a minimum deposit rate of 9 per cent and this should be applicable to all the banks, including the private sector banks, for senior citizens. Further the public limited companies, which accept fixed deposits, should also pay a minimum of 9 per cent on deposits placed by the senior citizens.

S. Ganesan, Chennai

Stories in this Section
Federal Bank’s money transfer facility for NRIs in US

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line