New Delhi 23 September 2026

As per news report of NDTV,For Shanmugasundaram, well above 80, the Rs 68 lakh he deposited with the Mylapore Hindu Permanent Fund Nidhi was not just money in a bank account. It was the entire proceeds from the sale of his property. It was money he had hoped would give him some financial security in his old age. He chose the over 150-year-old institution because it offered an additional 2 per cent interest compared to banks. Today, he says, he is left with little but regret.

Source - NDTV

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