Banks & Senior Citizens

Many Banks have separate “Senior Citizen Savings account” for the Senior Citizen. Great.

My Question : If the banks have details of PAN and Aadhar of each of the account holder, both of which mentions the date of Birth of the account holder, why is it, that ..

Senior Citizen MUST approach the banks for getting his/her savings account converted to “Senior Citizen Savings account”?

If the banks already have the proof of age of the account holder, why the accounts are NOT automatically changed from Normal Savings accounts to “Senior Citizen Savings accounts”

Why the Senior Citizen needs to spend one’s energy for getting it done?

Why can’t the Bank initiate it with the account holder, by asking his/her acceptance for such a change and then change the account type for the Senior Citizen to get the benefits?

Or the special offers supposed to be for the Senior Citizens (as advertised by the banks) is only an eye wash?

Why is it always the common citizen, who is held responsible for completing all the formalities and the organizations are let loose?

Mindset needs to be changed.

Mera Bharat Mahan. more  

View all 21 comments Below 21 comments
Just this morning I visited a HDFC Branch and to my surprise the counter person dealing with bank customers accounts was not aware of the RBI guidelines about the accounts maintained by senior citizens. more  
Only private banks offer some service of sorts to senior citizens. PSU banks don't bother, cause naukri is permanent whether you perform or you don't. United Bank of India is the worst of all such PSU Banks



On Tuesday, April 2, 2019, 7:31:16 PM GMT+5:30, Rajagopalan Ramaswamy <support@localcirclesmail.com> wrote:


Rajagopalan Ramaswamy Rajagopalan Ramaswamy commented on the Post Rajagopalan wrote: "Lethargy and to safeguard the interests of the employees" View/Comment Reply to this email to post a comment. more  
United Bank of India does not offer any such facility to its senior citizens. In fact they aren't customer friendly and the main reason is lack of staff. Awfully short of staff this bank. Letters to them go unacknowledged. In fact they bounce back as they don't receive mails from the customers.  



On Tuesday, April 2, 2019, 8:11:05 PM GMT+5:30, Devesh Singh <support@localcirclesmail.com> wrote:


Devesh Singh Devesh Singh commented on the Post Devesh wrote: "Agree to Maneesh Anaokar" View/Comment Reply to this email to post a comment. more  
This culture is flourishing only in India. Black money system still exists. Go to rent a house for an event and the owner wants money in cash or pay up 18% GST if paid online.



On Wednesday, April 3, 2019, 7:29:51 AM GMT+5:30, Parimal Shah <support@localcirclesmail.com> wrote:


Parimal Shah Parimal Shah commented on the Post Parimal wrote: "I very much agree. Objective seems to be make it as difficult as possible (ADAP) so that baus have less work to do. The genesis is to ensure people meet in person so that palms are greased which in a way had become a norm over past few decades.The babudom culture is sort of ingrained in all organisations. They only want to take decisions, does not matter right or wrong, and want responsibility to do the work on someone else - that is citizens. " View/Comment Reply to this email to post a comment. more  
I very much agree.
Objective seems to be make it as difficult as possible (ADAP) so that baus have less work to do. The genesis is to ensure people meet in person so that palms are greased which in a way had become a norm over past few decades.
The babudom culture is sort of ingrained in all organisations. They only want to take decisions, does not matter right or wrong, and want responsibility to do the work on someone else - that is citizens. more  
Post a Comment

Related Posts

    • LIC POLICY ADDRESS CHANGE

      LIC being a very big insurance company, why not they look into the possibility of making the changes in the existing policies, like change in address, name change, bank details etc. ONLINE. When on...

      By Hari Shenoy
      /
    • Bank's refusal to honor agreed FD interest.

      Dear members, I am Sekar and new to localcircles.com. In 2014 I booked some 5 years fixed deposits with a private bank, due to their higher interest rate promised to me. During matu...

      By Sekar Rg
      /
    • DEAF Account

      It often happens that people don’t share even the basic financial details with their family members. In case of any untoward incident, the family members are left in the lurch as they are una...

      By Aditi Jain
      /
    • Tax on dividend

      I fully agree with the circle member's claim to approach the FM/PM, requesting to remove the senior citizens from taxing 10% on the dividend received on the Mutual Funds. In fact the present level ...

      By Subramanian Sekaripuram Ananthakrishnan
      /
    • Benefit of new tax regime for 13L+ salary earners

      Most of the salaried individuals with gross income of ₹13 lakh or more and non-salaried persons with income of ₹9.5 lakh or more will get to make tax savings if they sign up for the new lower incom...

      By Satvik Singh
      /
    • NRI income in zero tax domiciles taxable in India

      NRIs living in zero tax domiciles like UAE (Dubai Sharjah & also Bahamas etc) will have to pay tax in India. And now all those who (partly) moved to Dubai recently to evade taxes are stuck.

      By Aditi Jain
      /
    • Farmers must be taxed

      The tax system is currently design to squeeze the middle class. This must change. We are India’s most abused tax payers.

      By Aditi Jain
      /
    • BEWARE OF ICICI POLICIES

      I am cautioning the circle members and the general public at large that the insurance policies issued by ICICI are to be taken with a pinch of salt. The agents of ICICI who sell their policies as w...

      By Subramanian Sekaripuram Ananthakrishnan
      /
    • Why one should insist for Fixed Deposit Receipt

      As you all know now-a-days whenever we request any sort of statement / report etc. from non-banking financial companies (NBFCs) i.e. insurance, chit fund, merchant banking, stock broking service p...

      By G D Binani
      /
    • Beware of brokers

      2000 crore fraud by karvy on its customers. Sebi has banned it now. How come we only do bans and the regulators are never facing penalties and punishments for letting shit happen.

      By Aditi Jain
      /
    • Simplification of Tax Return Filing

      The income tax return filing has been made so complicated that no common man/person today is able to file her return on her own, without the help/assistance of tax professionals. Each time we have ...

      By Sujata
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)