GREATER BANK / Interest on Fixed Deposit NOT applied for Senior Citizen
I am a senior citizen. I had submitted proof of my pan card for consideration of special interest on fixed deposit for senior citizen. I became senior citizenship on 16 / 08 / 2013. They have not applied special rate of senior citizenship for my fixed deposit receipts amounting to rs 90, 000 / - all banks have their data feeded in their master records so that whenever the fixed deposit is opened or renewed the rate applicable for senior citizens is applied automatically.
But in this greater bank the system is not followed. They insist that for every fixed deposit we have to personally visit the the bank and get the rate done. Tgeir system is outdated and does not consider data fed in the system for senior citizen. I have lost 1per cent due to theircirrresponsible behaviour and outdated system they follow in the bank.