Banking for Pensioners: Dear FM, there are no account for the old
There are about 41 million senior citizens term deposits accounts with a total deposit of Rs14 lakh crore (7% of India’s GDP), as on September 2019.Yet the aged consumers like our parents are harassed and harangued by many of our banks who instead of helping obfuscate, missell and misdirect them. The best of private, public and foreign banks are complicit.
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