• search
For Quick Alerts
For Daily Alerts

Lowering of interest rate on small savings against public interest: Trinamool

By Ians English

Kolkata, April 1: West Bengal's ruling Trinamool Congress on Saturday termed the Central government's decision to lower the interest rate in small savings scheme by 0.1 percent as an "anti-people" measure and demanded immediate action to protect investors.


"We consider this decision to be anti-people. We demand the centre take adequate measures to protect the interest of these depositors," party Secretary General Partha Chatterjee said at the end of a Trinamool Congress core committee meeting here.

The Trinamool Congress leader further accused the Narendra Modi government of jeopardising the daily lives of veterans and retired persons by lowering the interest rates of various savings scheme including the public provident fund (PPF).

"People who keep money in banks, post offices or PPF funds, the interest on their savings have gone down over the last one year. This is an attack on the old and retired people who keep their money in the small savings schemes," he said.

Bhattacharya claimed the centre's policies were "beyond comprehension" and said the interest of the common people should be protected at any cost.

"On one hand, the centre is making a hue and cry about the chit fund scams and on the other hand they are trying to deprive the investors in small savings scheme. We do not understand what they are up to," he added.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more