It seems the writer is not aware that the stock market has been steadily going down. Some stocks like infra, real estate have bitten the dust. Scams have galore like the 2g scam, Adarsh scam bribes for loans. A recent scam where two banks have given loans of 2500 crores to Zoom developers. Another is NREGS where 1 lacs crores disbursement has not been audited. With so many scams how can one trust the government or the unscruplous businemen.
Why is that Deposits of up to Rs 1 lakh (as Bank Fixed Deposits) are guaranteed by the government and larger deposits are at risk of loss of capital. I think all Bank deposits of any amount are safe and are not at any risk. What exactly is the risk with Bank Fixed Deposits?
Re: Bank Deposits
by pradeep krishnan on Jan 31, 2011 01:19 PM
Think of what will happen if the bank becomes insolvent i,e it does not have funds to meet its obligations
