Why Public Sector Banks Could Not Spare More On Savings Account

Why Public Sector Banks Could Not Spare More On Savings Account

With no likelihood of being a spendthrift, I was waiting for the day when interest on savings account would materialise with no guise. Waiting for that grand day, and hoping to get something substantial on tray, I first established contact with call centre to confirm whether it was a working day or rest one as most public sector banks are sitting on a sizeable sum. Assured the bank was not on a holiday, I ventured out with Delhi The City in the thick of smog, and some with perennial upshot diving into river from well made and maintained yacht which these days with ease can be sold and bought. When I visited the bank, those who trooped inside were not lean and thin, some depositing over 50K as that was the sum total of desire to lend every month for using the services of gym. Perhaps in this city there are some with deep pockets, and come in high income brackets, profligate every minute, every hour, and taking shower in properties of Five Star. After taking shower in Five Star these guys visit nearby Bazaar to get familiar with prices of veggies, and if they have to host a party on a grand scale, they may well have visitors who post party are willing to go to Goa to meet Mr Gayle. 

The Update Was Surprising

I was eagerly waiting for my turn as the bank personnel was busy attending to the gentleman who had no desire to conceal his wealth, and with over 50K a day the trucks in the corridors of power could very well tilt. Having counted the cash which was over and above 50K, the bank personnel was amused, and this gentleman watched at random tennis proceedings reaching the stage of deuce. When my turn came I was eager to leave early as any objections to my hand writing and signature could take me away from sessions of derby. With one set of mission accomplished, I made to Passbook kiosk to get the new updates, and to my horror the interest with no submissions to intern was depressingly low, and this could even knock Mr Gates. With interest so low that it could not fetch a train ride, I believed the govt of the day takes pride in wresting resources of the common man, and has clandesine designs akin spam.

Low Interest Has Telltale Signs

This interest, which is surprisingly low, has telltale signs that govt of the day wishes to keep certain business houses in good humour, and with least respect for common man who don't want to bump into a General and his generator, and the garden curator. These are hard days, and one better keep a watch on their savings as this regime does not give a latitude, and by no means prude. Gone are the days when one could take a train and not triangle ride to Bhusaval (Maharashtra Province) anticipating little trouble. Gone are the days when one could take a train ride to Visakhapatnam and Vijayawada (Andhra Pradesh Province) with hints of evara. The regime has done away with evara, and giving to most ED Peda.

YEDU KONDALWADA VENKATRAMNA GOVINDA GOVINDA