Bank depositors should be protected against inflation, demands AIBDA - Moneylife

Bank depositors should be protected against inflation, demands AIBDA - Moneylife

Inflation needs to be brought under control and savers should get reasonable return(net of inflation) on their investments. Insulating bank deposits alone is not practical, as bank interest rates depend on several factors including banks’ own income from deployment of funds and profitability, as banks too are doing a business. But, so long as government is not able to ensure reasonable return on savings invested as bank deposits through policy interventions, the minimum that is expected of government is that savers are not further burdened through tax on interest earned.

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