Dear Mr Sekar,
Why can't even educated persons aspire normal interest? One of my colleagues
invested a lot of money after retirement in a telecom co operative society for
slightly more interest. There may be many such. Telecom department announced V
R S, most opted and society became bankrupt, those took V R S left with out
paying society dues, address not known.
Invest half in F D in a nationalized bank and balance in savings deposit, handy
to have cash.
Recently I read difficulty in closing FD in nationalized banks in either or
survivor cases even after producing death certificate before maturity. Very
pathetic R B I guidelines, to close only on maturity date is possible.
So Better have all savings in SB - Best choice. Those ailing may close all FD
before maturity. Let us have meager interest. But no difficulty.
Gopalakrishnan
On Thursday, 28 September, 2023 at 11:14:32 am IST, Narayanaswamy Sekar
<[email protected]> wrote:
>From OpIndia
https://www.opindia.com/2023/09/kerala-ktdfc-unable-to-pay-ramakrishna-missions-fd-worth-130-crores-rbi-to-cancel-license/
My comments:
Be careful about where you invest, higher rates may, repeat, may carry higher
risk.
Even R K Mutt is a victim here.
It is not just Kerala but Most of the states are broke as they give freebies to
win elections but bankrupt the economy.
N Sekar
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