High rate of inflation, extreme unemployment, more work less pay, worthless Interest rates in Banks, taxation of interest income, now what outcome you can expect from this pathetic economic environment in India....I am becoming hopeless... 😔
Correct , I think a layperson is more logical than the FM. Old people like my parents are getting taxed on interest on FDs, which is already low due to low rate . They have no other source of income . Not everybody is MF or stock market savvy.
Absolutely right. Let the FM take the first step in cutting down the tax rates on FDs and other deposit returns from the Bank. Our taxation is next level. They even charge GST on loans. Poor citizens go for loans to manage medical situations, educational purposes and further to meet basic necessities as well. But they squeeze the public on the other side as well.
is it more to do with Mutual Funds & share market gives more return than bank deposit's? Naturally bank interest will be less when economy grows and it is very less in grown economies.
The return is much lower than inflation/ cost of living expenses and on top of that we have to pay tax... Tax on income, tax on deposits, tax on dividends, tax on G&S.. FM has failed the country.. We need better tax laws
Why to invest in banks? Again person like Vijay mallaya will come and take loans from only PSU bank and run away & our generous bjp,congress govt will wave off loans and we people will be mute spectators and fools
To survive in india. Eat 2 times a day Pay rent for home Grocery No tv, no entertainment, no tourism, no travel Buy good broadband, live your life by seeing virtually all the place. No OTt subscri No outstation, no hotel. You can save money by following above one You can survive in india.
@@ajaykumsi No Thank you & Best of luck with that. Am Happy with HDFC.. I know we can't expect the attitude change, We can just avoid the interaction altogether, why to bear with it when we have better options
All bullshit...real issues were not raised at all by the guest....why are people not investing....becoz on fds as well as rds they are getting taxed...above that how much interest are the people getting on them.....these days it varies from 7-7.5....such meagre interest rate....ppf interest rate is not increasing....banks have been since 15 -20 years to sell mutual funds to the extent that so many employees have committed suicide under pressure......who will raise these issues...ask the people who are working in the organisation's....not jus these economists who are jus sent by govt with the motive to spread the privatization word....and public sector companies n banks are bad....we all know what is the truth...we all own accounts in pvt bank....n it is not better at all....for every thing tere is a charge....in psbs you open a account with zero balance.,jan dhan yojanan pm yojanas....remove such facilities form psbs n see how it works.....
If I deposit my amount in bank , it is very low interest, I will get amount 6%. On that interest also there is TDS. If central government removes TDS on bank deposits, then it will improve.
Bank should increase the interest rate ofsinior citizen to 9-10%/ year because persons above 60 who has not govt pension generaly mentain their family on the basis of interest . And from last 10 years bank interest has become too low to mentain their family. Now retired public is using their capital for any need for low bank intetest.
To attract more FD investment , our clever FM having a pretty simple and highly effective solution; increase share and mutual fund profit tax rate above FD interest tax rate . So Simple
Deposits are getting shifted to stock market for better returns. It may be going directly or through MF. Return from stock market get LTCG benefits with no or lower tax whereas FD interest gets taxed as per your taxable income level. That is why inspite of less than expected financial results by many many reputed companies, stock market soaring high
If you go to open account and make deposit in SBI Mettupalayam they will give token and ask to wait in line for hours. While private banks come home to open account and take deposits. That’s the reason public sector banks cannot increase deposits. My personal experience.
In this type of inflation what is middle class suppose to do. Govt. keep taxing on everything and then suddenly increase tax on that within a year . Without any pension in future what does working youth have choice?
Salaried class are putting their savings in FDs as secured deposits but now this FM is taxiing salaried class at 30% plus tax on interest of FD also. So, now salaried class are investing in mutual funds & in share market. Shortly,all these public sector banks are going to financial crunch due to accumulating NPA & heavy costs incurred in running non-profitable branches throughout the country.
Bank of Maharashtra cant even pass a stupid cheque without issues. They return it most of the time often due to their own mistakes and then blame me for it. Stopped using it since, and now using NEFT facility.
This government is losing faith in the public eye. Looting middleclass in the name of taxes itself is wrong. Tax should be taken. But not to the extent of breaking back bone of middleclass.
Nowadays most of the people are investing in Mutual Funds instead of depositing in banks. The average XIRR in mutual funds is anywhere between 13 to 16 %. The total investment made in mutual funds as per latest inputs is Rs. 60 lakh crores. If Government brings in a direction that the MF managers should invest at least 10 % in banks with FD rates, the problems of banks will be solved. In that process the risk of investment in MFs is reduced to a certain extent to the investors though the return may slightly vary. The returns on MFs to the public investors will not be greatly affected.
These jokers may advise banks to reduce interest rates on Deposits, then she will increase IT on these deposit interest . With new tax regime , she herself discouraged small savings and tax savings .
@@komalprakash6789 no Sir i have opened hdfc account 4 years back through online till now not even a single time I have not visit to bank… They have a dedicated manager when ever any query we can call to them…
If FD deposit can’t even beat inflation why would people people deposit in banks ? I think interest in FD has to be increased by banks in order to attract more deposits
1. Increase the deposit interest rates to present 2014 rates. 2. When MFs gives 20% returns , people rend to deposit in . 3. Stop this TDS, reduce the tax rates. In MF tax is paid when it is sold. In interest on bank deposit, whether we use it or not, tax is levied.
SBI bank gives 2.7% interest on deposits which doesn't even beat inflation. So i invested in mutual funds and have increased by 20% in 6 months. Why should I deposit when I am losing money on my deposits.
If deposits are on the lower side then how this PSU bank's main bank RBI Bank had given extra money to previous and current systems in advance when they demanded...
Increase interest rates to beat inflation, remove tax on interest, bring different term deposits,remove unnecessary bank charges and finally remove all thos bank staff who are arrogant...
In the private sector banks, they have fixed minimum balance in savings a/c to some 20000/- to 30000/- failing which high charges are levied every month. Where's in PSBs including SBI one can open savings a/c with 1000/- also. This is also one of the reasons for low deposit growth in PSBs. One must admit this fact. Moreover, recruitment in PSBs are diminishing day by day. The current workforce are already overloaded.
As FD is taxed at a slab rate, it is not useful because FD's more often seen as a safe, low-volatility average return on the short term. Here, in MF, up to 1.25 lakh on long term is not taxed but even Rs 1 interest on FD get taxed at slab rate, irrespective of term. No tax on FD up to 30K interest per year will see some good change and increase liquidity at Banks Banks are doing a decent job, it is responsibility of Government to work tax deducted for FD's which makes people to diversify their portfolio
Govt policies should support for Public deposit. Why should one deposit in banks when the returns are very low. Interest rate is 7.2 percent. Tds deducted 30 percent. Net Interest is 5 percent which is less than inflation rate. People are forced to take risk an invest in mutual fund and shares where risk is high. But what to do.
FD interest rates are less than real inflation rates TDS on interest gained is double loss. Savings bank interest has been reduced to 2.7 % in SBI penalty on interest if advance tax not paid. All these makes me avoid banks more than necessary
Cheating public by paying less interest rate, apart from paying lesser rate for longer term, also forcing public to avail debit card, and charging sms charges + dr. card charges + more than permissible transaction charges etc. where's both these helps curtailing cost of operations in banks, and above all writing off loans in huge scale resulting lesser profit which should have been distributed among depositors by paying higher rate of interest on deposits are some of the most important factors. In fact banks are now considering the depositors as "Bali ka bakra" whereas it is the depositors by whose deposits banks are lending and doing their business.
Low returns and taxes at income tax slabs due to this the returns are around 4% which is half of the inflation. If u consider other investment options like equity lonked even if they taxes at incometax slabs they going to beat inflation easily.
😂😂😂😂 what a horrible joke After highest cost of living, Real Estate unaffordable, Highest taxes , official loot , no jobs no salary hike, after destroying economy and middle class lives Now She Wants Deposits what a Shame
FM seems to be in another world she does not even have basic knowledge. Banks offer less interest in deposits and it's taxed even before maturity. Banks canvassing MF for commission Banks open three in one account for the share market.why would people deposit in banks when return is less .😂😂😂😂.
Customers value security of deposits much higher than quality of service. Customers are smart, they see through the private banks' artifically good service but danger of deposits.. in times of crisis. So large numbers still continue to stick with Public sector banks. Oversmart nature of private banks is seen as of little value as against the real dangers. ❤.
pl ask the bankers to give loans @ 4 % and receive deposits @ 9 % rate of int , there onwards one year down the line deposits will be three times the loans
It is obvious fact,the rate of interest is low compared to others. Further the interst is taxable which further reduces the return. FM can consider exemption of IT to certain extent on interest onFD like exemption of capital gains under stock and mutual fund.
The minimum tax free income limit should be raised to 10 lacs, considering the inflation. Also senior citizens should not be taxed for interest on FDs. As such it is a loss to invest in FDs but senior citizens especially above 70 yrs find it difficult to handle their finance and so wish to invest in FDs, which is much simpler than MF and other investments. Let taxation be much simpler for sr. Citizens.
and I am telling everyone that Banks and their Employees should be made to respect the Savings Account Holder, respect that because Account Holders Deposits, they run their families. Invest in Stock, MF, ETFs for better returns.
Govt has made banks to lend huge loans to big industrialists. If there are no adequate deposits, how banks will give such big loans to the industrialists backed by Govt. Ultimately the common man is not much benefitted with this situation.
Its bank that are in fault. They reduced the saving rates during covid and then never raised it back. Investors donot have any good option ither than share market for investment.
Stop taxing FD interest in income slab tax rate and provide some flat rate like LTCG/STCG of MF.Then people will do bank deposits. If you are deducting 30% of interest return of fd deposits on top of 7% return why people do FD.
Make interest earned from FD Tax Free......or increase FD rate.....only two options.....or else people will move towards MF ,stocks ,gold and real estate
PEOPLE SHOULD NOT HEED TO SITRAMANS FOR INVESTING IN FD IT WILL BE BETTER IF PEOPLE START WITH MINIMUM REQUIRED DEPOST IN BANKS AND REST INVEST IN MUTUAL EQUITY IR ETFS AND PAY TAX RATHER THAN KEEP MONEY IN DPOSITS AND PAY TAXES. MOREOVER EARININGS FROM DEPOSIT DO NOT BEAT THE INFLATION.
Ya boost FDs so that govt can get assured taxation on interest from middleclass good idea. First of all middle class does not have enough savings for FD thanks to gst on everything. What an irony. Looting us silently
What the finance minister is doing for a common man is like squeezing a wet cloth.it's like squeezing a wet mop after cleaning the floor so also the common man is in similar condition. What about the school fees or rents we pay which ir running into thousands. Log kinko poochna aur koun answer detha. The graph of government is going down.
Well i'll answer your question which the gentleman did not. The unorganised sector which was nudged to fall in line with the organised sector to increase the tax payers base was killed of during the covid crisis in 2020, prior to this the msme or the unorganised sector was free to borrow money from banks however after 2020 the rules changed,banks have a "vintage clause" which effectively eliminates small business from borrowing as they were high risk during the lockdown. Now the banks lend money to only salaried class to keep their balance sheet clean, banks also lend money to nbfc's who charge higher interest and lend to unorganised sector or small businesses .this domino effect has led to cash crunch in the banks, as the salaried class are diversifying to mutual funds. 🏦
NIrmala - Please crash the stock market and people will move their money to Fixed deposits. Right now adani ambani stock scams are too lucrative to miss out on. Instead of keeping fixed deposit in SBI, we make 3 times more money by buying same SBI bank stock.
Kya sarkaar gareeb aadiwaasi aur pichde samaaj ke logo se jo ki sarkaari bank me kaam karte hain inse customer ki sewa karwaani chahti hai. Yahi toh shoshan hai.
High rate of inflation, extreme unemployment, more work less pay, worthless Interest rates in Banks, taxation of interest income, now what outcome you can expect from this pathetic economic environment in India....I am becoming hopeless... 😔
Correct , I think a layperson is more logical than the FM. Old people like my parents are getting taxed on interest on FDs, which is already low due to low rate . They have no other source of income . Not everybody is MF or stock market savvy.
Minimum wage salary and overtime pay also need to be fixed in all jobs as people are exploited
Absolutely right. Let the FM take the first step in cutting down the tax rates on FDs and other deposit returns from the Bank. Our taxation is next level. They even charge GST on loans. Poor citizens go for loans to manage medical situations, educational purposes and further to meet basic necessities as well. But they squeeze the public on the other side as well.
is it more to do with Mutual Funds & share market gives more return than bank deposit's? Naturally bank interest will be less when economy grows and it is very less in grown economies.
@@user-yy4bs2us3h The layman knows more ground reality than a person sitting on a throne...
To boost deposit they need to give Bournvita to consumers.
Stop TDS, Stop taxing FD's Nirmalaji.. 🙏 Don't destroy the country with taxes🙏
The return is much lower than inflation/ cost of living expenses and on top of that we have to pay tax... Tax on income, tax on deposits, tax on dividends, tax on G&S.. FM has failed the country.. We need better tax laws
Why can't RBI increase FD rate and FM to abolish IT on FD interest. Why people to listen urges of FM when she robs the money from middle class????
Reduce tax on FDs
Why tax earnings from FD in the first place?
It should be abolished altogether
Why to invest in banks? Again person like Vijay mallaya will come and take loans from only PSU bank and run away & our generous bjp,congress govt will wave off loans and we people will be mute spectators and fools
To survive in india.
Eat 2 times a day
Pay rent for home
Grocery
No tv, no entertainment, no tourism, no travel
Buy good broadband, live your life by seeing virtually all the place.
No OTt subscri
No outstation, no hotel.
You can save money by following above one
You can survive in india.
Even after this much knot on your neck still you run your life as poor
The attitude of employees also doesn't help. In my case it was from SBI
There are online channels to book FD . You can try that instead. It's very easy and quick. Hope it helps.😊
@@ajaykumsi No Thank you & Best of luck with that. Am Happy with HDFC.. I know we can't expect the attitude change, We can just avoid the interaction altogether, why to bear with it when we have better options
@@shymon9 Good for you.
All bullshit...real issues were not raised at all by the guest....why are people not investing....becoz on fds as well as rds they are getting taxed...above that how much interest are the people getting on them.....these days it varies from 7-7.5....such meagre interest rate....ppf interest rate is not increasing....banks have been since 15 -20 years to sell mutual funds to the extent that so many employees have committed suicide under pressure......who will raise these issues...ask the people who are working in the organisation's....not jus these economists who are jus sent by govt with the motive to spread the privatization word....and public sector companies n banks are bad....we all know what is the truth...we all own accounts in pvt bank....n it is not better at all....for every thing tere is a charge....in psbs you open a account with zero balance.,jan dhan yojanan pm yojanas....remove such facilities form psbs n see how it works.....
If I deposit my amount in bank , it is very low interest, I will get amount 6%. On that interest also there is TDS. If central government removes TDS on bank deposits, then it will improve.
Bank should increase the interest rate ofsinior citizen to 9-10%/ year because persons above 60 who has not govt pension generaly mentain their family on the basis of interest . And from last 10 years bank interest has become too low to mentain their family. Now retired public is using their capital for any need for low bank intetest.
To attract more FD investment , our clever FM having a pretty simple and highly effective solution; increase share and mutual fund profit tax rate above FD interest tax rate . So Simple
Deposits are getting shifted to stock market for better returns. It may be going directly or through MF. Return from stock market get LTCG benefits with no or lower tax whereas FD interest gets taxed as per your taxable income level. That is why inspite of less than expected financial results by many many reputed companies, stock market soaring high
If you go to open account and make deposit in SBI Mettupalayam they will give token and ask to wait in line for hours. While private banks come home to open account and take deposits. That’s the reason public sector banks cannot increase deposits. My personal experience.
Take the statement of both you will regret
In this type of inflation what is middle class suppose to do. Govt. keep taxing on everything and then suddenly increase tax on that within a year . Without any pension in future what does working youth have choice?
Salaried class are putting their savings in FDs as secured deposits but now this FM is taxiing salaried class at 30% plus tax on interest of FD also. So, now salaried class are investing in mutual funds & in share market. Shortly,all these public sector banks are going to financial crunch due to accumulating NPA & heavy costs incurred in running non-profitable branches throughout the country.
Bank of Maharashtra cant even pass a stupid cheque without issues. They return it most of the time often due to their own mistakes and then blame me for it. Stopped using it since, and now using NEFT facility.
This government is losing faith in the public eye. Looting middleclass in the name of taxes itself is wrong. Tax should be taken. But not to the extent of breaking back bone of middleclass.
Nowadays most of the people are investing in Mutual Funds instead of depositing in banks. The average XIRR in mutual funds is anywhere between 13 to 16 %. The total investment made in mutual funds as per latest inputs is Rs. 60 lakh crores. If Government brings in a direction that the MF managers should invest at least 10 % in banks with FD rates, the problems of banks will be solved. In that process the risk of investment in MFs is reduced to a certain extent to the investors though the return may slightly vary. The returns on MFs to the public investors will not be greatly affected.
she will increase tax on mf
These jokers may advise banks to reduce interest rates on Deposits, then she will increase IT on these deposit interest . With new tax regime , she herself discouraged small savings and tax savings .
FM failed to privatize PSB except for merger 😂😂😂
Invest in private banks then.
@@komalprakash6789 Yes I do they provide prompt response
When ever we go to sbi for any small change we have go with photocopy of aadar pan that’s the worst thing need to change…
Every bank asks that
@@komalprakash6789 no Sir i have opened hdfc account 4 years back through online till now not even a single time I have not visit to bank…
They have a dedicated manager when ever any query we can call to them…
@@komalprakash6789 they ask for hard copy...other pvt banks just take photo
@komalprakash678why should they ? Your Aadhar card should be enough9
PSU really worst service.. SBI , BOB ...worst of the worst service and negligence
That's True because Lesser Number of SIP Installments means more ROI
If FD deposit can’t even beat inflation why would people people deposit in banks ?
I think interest in FD has to be increased by banks in order to attract more deposits
1. Increase the deposit interest rates to present 2014 rates.
2. When MFs gives 20% returns , people rend to deposit in .
3. Stop this TDS, reduce the tax rates. In MF tax is paid when it is sold. In interest on bank deposit, whether we use it or not, tax is levied.
SBI bank gives 2.7% interest on deposits which doesn't even beat inflation. So i invested in mutual funds and have increased by 20% in 6 months. Why should I deposit when I am losing money on my deposits.
aunty ko bolo FD ko tax free kare
She will double the tax 😂😂😂😂
@@user-eh8qy1rs5b😂😂
Poor rate of interest and tax on interest is one reason. Secondly Mutual funds, bonds give higher return post taxation
The FM should remove tax from FDs & concerted efforts should be made to curb down the increading trend of inflation rate.
If deposits are on the lower side then how this PSU bank's main bank RBI Bank had given extra money to previous and current systems in advance when they demanded...
Failure policies adopting by FM in budget. Tax terrosism in india on middle class, employees and pensioners.
Banks are giving lollipops to FD when bank gives loan sucking blood of customers
Main culprit is inflation which is not addressed properly since from covid.
Remove tds on fd's and give tax relief to those who make fd's and also provide higher rates on savings accounts . Then see results.
Increase interest rates to beat inflation, remove tax on interest, bring different term deposits,remove unnecessary bank charges and finally remove all thos bank staff who are arrogant...
Finmin will do everything except get real economy on track.
If Finance Monster,
Relief tax rates on Middle class, savings will go into banks. Unless critical condition for banks future.
Stop TDS % of taxation on poor FDs earning 6% interest rate.
In the private sector banks, they have fixed minimum balance in savings a/c to some 20000/- to 30000/- failing which high charges are levied every month.
Where's in PSBs including SBI one can open savings a/c with 1000/- also.
This is also one of the reasons for low deposit growth in PSBs. One must admit this fact.
Moreover, recruitment in PSBs are diminishing day by day. The current workforce are already overloaded.
I will hold the key and ask my employee to open the lock 😂
BJP EX SUPPORTER ...TAX TAX TAX ...SABKA VIKAS AUR SAB PE TAX .... ...LOOTING PEOPLE OF THEIR HARD EARNED MONEY!!!
Main reason for low deposit is Interest rate on DEPOSIT is very LOW.Atleast 8% for general and Senior Citizen 8.5 to 9%
Finance minister - charge some more tax on deposits 😂😂😂
what safety if any bank gets collapsed? will i get full amount i invested or their is a limit
45% amount is Guaranteed to be Saved by The Reserve Bank of India 🇮🇳
make FDs tax free
Unreasonable TDS and very low return in Fixed Deposit create unwillingness for purchasing the same.
As FD is taxed at a slab rate, it is not useful because FD's more often seen as a safe, low-volatility average return on the short term. Here, in MF, up to 1.25 lakh on long term is not taxed but even Rs 1 interest on FD get taxed at slab rate, irrespective of term. No tax on FD up to 30K interest per year will see some good change and increase liquidity at Banks
Banks are doing a decent job, it is responsibility of Government to work tax deducted for FD's which makes people to diversify their portfolio
Govt policies should support for Public deposit. Why should one deposit in banks when the returns are very low. Interest rate is 7.2 percent. Tds deducted 30 percent. Net Interest is 5 percent which is less than inflation rate. People are forced to take risk an invest in mutual fund and shares where risk is high. But what to do.
It easy to collect money from call money market @ 2 to 3 present instead to offer 7 persent to retail deposit
Make the intrest tax free!
if the interest from bank deposits are exempted from income tax then possibility for increase in bank deposit can be expected
middle class எங்க கிட்ட காசே இல்ல... இதுல எங்க Deposit போடுற 😅😅😅😅
Yes their corporate friends fresh loans as their previous loans are waved off.
Not worth putting FD in bank. Post tax return is not even sufficient to cover rate of inflation.
Electroal bonds should be deposited with rbi 😂does the fm not have any brains?
Very eaeasily RBI can fix this problem with make higher interest rates 😊
FD interest rates are less than real inflation rates
TDS on interest gained is double loss.
Savings bank interest has been reduced to 2.7 % in SBI
penalty on interest if advance tax not paid. All these makes me avoid banks more than necessary
And tax them twice their salary percentage
When gadkari gives 8.5 percent per year growth in invit model who will deposit for 3 percent
Tell FM to bring all the black money and deposit 15lakhs in all accounts. Matter solved
Cheating public by paying less interest rate, apart from paying lesser rate for longer term, also forcing public to avail debit card, and charging sms charges + dr. card charges + more than permissible transaction charges etc. where's both these helps curtailing cost of operations in banks, and above all writing off loans in huge scale resulting lesser profit which should have been distributed among depositors by paying higher rate of interest on deposits are some of the most important factors. In fact banks are now considering the depositors as "Bali ka bakra" whereas it is the depositors by whose deposits banks are lending and doing their business.
Interest 7 percent inflation 8 percent,also interest calculated for tax
Huge Loan playoff of corporates and taking everything from middle class.
Low returns and taxes at income tax slabs due to this the returns are around 4% which is half of the inflation. If u consider other investment options like equity lonked even if they taxes at incometax slabs they going to beat inflation easily.
Can open an IPO for deposit for dividend share kind thing
😂😂😂😂 what a horrible joke After highest cost of living, Real Estate unaffordable, Highest taxes , official loot , no jobs no salary hike, after destroying economy and middle class lives Now She Wants Deposits what a Shame
FM seems to be in another world she does not even have basic knowledge.
Banks offer less interest in deposits and it's taxed even before maturity.
Banks canvassing MF for commission
Banks open three in one account for the share market.why would people deposit in banks when return is less .😂😂😂😂.
Give better returns for the deposits.
Customers value security of deposits much higher than quality of service. Customers are smart, they see through the private banks' artifically good service but danger of deposits.. in times of crisis. So large numbers still continue to stick with Public sector banks. Oversmart nature of private banks is seen as of little value as against the real dangers. ❤.
pl ask the bankers to give loans @ 4 % and receive deposits @ 9 % rate of int ,
there onwards one year down the line deposits will be three times the loans
It is obvious fact,the rate of interest is low compared to others. Further the interst is taxable which further reduces the return. FM can consider exemption of IT to certain extent on interest onFD like exemption of capital gains under stock and mutual fund.
The minimum tax free income limit should be raised to 10 lacs, considering the inflation. Also senior citizens should not be taxed for interest on FDs. As such it is a loss to invest in FDs but senior citizens especially above 70 yrs find it difficult to handle their finance and so wish to invest in FDs, which is much simpler than MF and other investments.
Let taxation be much simpler for sr. Citizens.
i have taken out my entire PF recently as this government may also tax the PF withdrawal in future..
and I am telling everyone that Banks and their Employees should be made to respect the Savings Account Holder, respect that because Account Holders Deposits, they run their families. Invest in Stock, MF, ETFs for better returns.
Govt has made banks to lend huge loans to big industrialists. If there are no adequate deposits, how banks will give such big loans to the industrialists backed by Govt. Ultimately the common man is not much benefitted with this situation.
Its bank that are in fault. They reduced the saving rates during covid and then never raised it back.
Investors donot have any good option ither than share market for investment.
Stop taxing FD interest in income slab tax rate and provide some flat rate like LTCG/STCG of MF.Then people will do bank deposits. If you are deducting 30% of interest return of fd deposits on top of 7% return why people do FD.
Govt. keep on giving subsidies for their vote bank and then get it back from middle class with high tax.
Banks don’t give the deposit money when there is any small issue when a person is deceased.
You made such a foolish decision by increasing unnecessary fee charges for deposits. You are collecting GST on savings and on insurances.
Life insurance and general insurance and mutual fund
Make interest earned from FD Tax Free......or increase FD rate.....only two options.....or else people will move towards MF ,stocks ,gold and real estate
Hello
I wonder how US banks manage ? They had close to 0 interest on FD
PEOPLE SHOULD NOT HEED TO SITRAMANS FOR INVESTING IN FD
IT WILL BE BETTER IF PEOPLE START WITH MINIMUM REQUIRED DEPOST IN BANKS AND REST INVEST IN MUTUAL EQUITY IR ETFS AND PAY TAX RATHER THAN KEEP MONEY IN DPOSITS AND PAY TAXES. MOREOVER EARININGS FROM DEPOSIT DO NOT BEAT THE INFLATION.
Think if all citizens transfer their money to Bitcoin or crypto and do transactions in crypto . The whole banking system will collapse
Reliance & Adani stocks better than fixed deposit returns 😂
Ya boost FDs so that govt can get assured taxation on interest from middleclass good idea. First of all middle class does not have enough savings for FD thanks to gst on everything. What an irony. Looting us silently
What the finance minister is doing for a common man is like squeezing a wet cloth.it's like squeezing a wet mop after cleaning the floor so also the common man is in similar condition. What about the school fees or rents we pay which ir running into thousands. Log kinko poochna aur koun answer detha. The graph of government is going down.
Taxing middle class heavily - tax in fd , saving is d reason , fm is looting middle class who does saving
Well i'll answer your question which the gentleman did not. The unorganised sector which was nudged to fall in line with the organised sector to increase the tax payers base was killed of during the covid crisis in 2020, prior to this the msme or the unorganised sector was free to borrow money from banks however after 2020 the rules changed,banks have a "vintage clause" which effectively eliminates small business from borrowing as they were high risk during the lockdown. Now the banks lend money to only salaried class to keep their balance sheet clean, banks also lend money to nbfc's who charge higher interest and lend to unorganised sector or small businesses .this domino effect has led to cash crunch in the banks, as the salaried class are diversifying to mutual funds. 🏦
Increase fd interest rate.
NIrmala - Please crash the stock market and people will move their money to Fixed deposits. Right now adani ambani stock scams are too lucrative to miss out on. Instead of keeping fixed deposit in SBI, we make 3 times more money by buying same SBI bank stock.
Spokesperson of Govt... nothing about economy
Kya sarkaar gareeb aadiwaasi aur pichde samaaj ke logo se jo ki sarkaari bank me kaam karte hain inse customer ki sewa karwaani chahti hai. Yahi toh shoshan hai.
Nahi karenge deposit
take it out all your deposits from the bank .
Mutual fund sahi haye