FDsin Nationalised and in Private Banks such as HDFC,ICICI,Yes banks etc etc

Dear All
Our FDs deposited in banks are insured up to maximum Rs one lakh,including it,s interest earned.
The figure of Rs one lakh has been the same for the last couple of years and it has never been revised in spite of devaluation of Rupees.
In case of latest issues with PMB,since RBI restricted withdrawal procedures,some seniors could not get monetary support in their “Health Emergency”,and they succumbed to their health adversaries
My suggestion-
1. Let FDs be insured and the insurance premiums be paid from the interest earned by the individuals
2.Depending on the monetary instruments available,some go for speculations and they take risks accordingly.The Banks do not work on speculations,for the larger interest,and therefore,though the ROI-returns on investment- may be low,however,those who look for steady income,especially after the retirement from services,business, can look for deposits in bank ,and ,the same can be insured for the number of years,protecting,the liquidity and operating expenses,and thus,upheavals in the market can get controlled to a major extent
3.Severe and strict punishment should be exercised to those who are involved in Corruption and Frauds,
4.Even to day ,for the many who get elected,it’s a platform to make money,especially,in Developing Countries,thereby,the Governance in the Nation is in jeopardy
5.Its commendable that out Governance is now giving utmost Value and importance to reduce Corruption

I seek the opinions and feedback from Hon’ble members of Local Circle to transform our country-INDIA more  

View all 59 comments Below 59 comments
It is ideal to collect some premium and insure the total amount. Many people , Particularly senior citizens, who can not take risk, depend on the banks. more  
1)This amount should be increased to atleast 5 Lakhs.2)In Democracy there are many freebees given by politicians and that should also stop.Because many many a people will take loan and are unable to return and that will turn in to bad loan. more  
Insurance coverage should be increased to Rs. ten lakhs for each account in each bank more  
Stop doing Fixed Deposits in banks & keep ur money in Savings Account ,Banks & Government will Automatically be forced to give assurance on fixed deposits & if they don't it is their loss . more  
Any one losing his hard earned money because of any external adversary would be worst affected and not the senior citizens alone. I am afraid as to how the suggestion could be made effective. If the people of the country are prepared to shell out a portion the earned interest, the government and the banking ministry can examine applicability thereof in view of protection of the depositors & investors interests to the maximum possible extant. more  
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