Department of Financial Services

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Department of Financial Services
3.06 / 5 16 Reviews
New Delhi
India
3.0616
3.06
Banks are permitted by Ministry to over charge for service without notice to account holders. The free services earlier to account holders are charge able now. Minimum account balance practise by banks is nothing but unjust enrichment and against social norms as well political norms of present government.
Exorbitantly high Security Transaction Tax on options expiring in-the-money is a huge systemic risk for financial markets which is being allowed to continue.
Banks are being allowed to charge much higher MDLR than the CAP fixed by RBI on digital transactions through debit cards.
Finance Ministry is making life hell for retirees from Private Sector by reducing interest rates on Senior Citizens Savings Scheme 2004, which was started by the previous government to provide a regular income stream to senior citizens. All petitions to Finance Minister have fallen on deaf ears. The Ministry is only interested in taking care of Government retirees by using tax payer's money by giving them substantial increases in dearness allowance and pension, because it is in their own interest for their future retirement.
Even promises made in BJP Election Manifesto 2014 to Senior Citizens and Divyang Jans (Persons with disabilities) have not been delivered in 3 years time.
Mr. Arun Jaitley is not upto the mark please remove him from the ministry post please find some good alternative for the economy to succeed and he is given in charge of Defence it is also not suitable for him Mr. Manohar Parickar was Good and Better than him, lot of soldiers where killed because of the inefficient of Mr. Arun Jaitley.

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