Sir — Interest rate on deposits in banks is decreasing day by day. The motive may be to induce people to enter stock market to earn more, but initial public offering for equity shares is hitting the market with a tag of huge premium. Therefore, it cannot attract old people who invest money in fixed deposits in banks. The recent rate cut would do little to adjust the losses. Be that as it may, the income tax rate on incomes accrued from deposits in banks exclusively may be suitably adjusted to compensate for their loss in incomes from interest.