Sanchay Patra
As we have seen in the newspapers, the govt. has recently reduced the rate of interest on three-month interest basis Sanchay Patra.
I would like to mention that pension holders at the fag end of their lives live simply on the income from the interest of the Sanchay Patra which they purchase with their whole life's savings, pension and provident fund money etc. They do not want to take the risk to invest their hard earned money in business for more earning. They do not know business. So they are happy with the little, honest and safe earning from the Sanchay Patra to have dal-bhat. Honest and sensible people do not want more money. They are happy with their honest and safe small income.
The reduction of rate of interest will seriously hamper their simple living.
So may we earnestly request the govt. to reconsider the matter of reduction of rate of interest of Sanchay Patra so that the old pension holders can get some relief at the fag end of their lives.
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