Tuesday, May 8, 2012

Will RBI consider preferential rate of interest to disabled?

......Will the RBI take the initiative to consider this proposal of permitting the banks to offer a minimum of 1% of additional interest over and above the normal rate of interest on all types of deposit accounts to the disabled/physically and mentally challenged individuals and also to the identified charitable organizations who promote their cause, as a token of our concern to these less privileged members of our society? Apart from permitting this additional benefit to them, the RBI should come out with clear-cut guidelines to enable the banks to identify such customers to ensure that the benefit of this move goes to the right beneficiaries. As this scheme is a socially desirable, nationally important and functionally easy to operate, the RBI should persuade the banks to take up this project with a missionary zeal by giving enough publicity to attract the attention of the people at large................

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