Low FD interest rates: Who is impacted the most?
Автор: ET Now
Загружено: 2020-11-02
Просмотров: 1437
Описание:
Interest rates for Fixed Deposits (FD) have seen a steep decline of anywhere between 85 to 160 basis points since the beginning of 2020. ET Now explains why FD interest rates are at an all-time low and who is impacted the most.
We also tell you how your FD returns are linked to the prevailing inflation rate to help you differentiate between good and negative returns. While senior citizens are impacted the most due to low returns on FDs, experts suggest multiple government and public sector schemes that are offering higher returns currently. Although, the lock-in period is a key factor to consider while making these investments. Listen in.
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