Dangerous

Millions of provident fund subscribers all over the country are more interested in the safety and security of their hard earned money, rather than lucrative returns at the risk of their capital. The trustees will be betraying the trust reposed in them if they sideline the security aspect in preference to increasing returns. As per the government guidelines 30 per cent of the PF money can be invested in public sector bonds, which gives reasonable returns. We are in the midst of scams and it is requested that the government and bureaucracy will understand the danger underlying in the suggestion. Otherwise, the country might witness another multicrore scam beating all previous records in the not too distant future.