Savings for retired parents in India


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tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 23-03-06 18:00:16

Hello CD members,
Many of you have parents in india who are retired but live hand to mouth. Many times, you think that saving money in Canada for them is prudent but see what India offers Senior citizens in terms of high interest rates for money saved in India.
For clever investments : You could also save your own money through your retired Senior citizen parents
http://in.rediff.com/money/2006/mar/23perfin.htm

TK
Disclaimer : This info. is for courtesy purposes only. I am not an agent of any indian savings scheme nor do i benefit directly or otherwise from these schemes. Please use your common sense and consider the political uncertainity of India before you join any of these schemes. This information is NOT for any other citizens EXCEPT Citizens of the Republic of India. The govt. of india may reduce interest rates or scrap the scheme at any time with or without compensation. Please abide by all indian laws and pls. contact the ministry of external affairs if you are an indian citizen residing abroad before investing in to these schemes.


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I am a Gents and not a Ladies.




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