For long-term investments, consider investing in longer duration debt funds and long duration bond funds. Fixed deposits can be a good option to take advantage of higher interest rates, but the timing of rate cuts is uncertain. Staggering fixed deposits and renewing them as they mature can help maximize returns.
Bank deposits typically offer interest rates averaging between 6 and 7%. On the other hand, certain AAA-rated corporate deposits are offering coupons of up to 8% or slightly more than that
The matter turned worse when someone got a whiff of it and started blackmailing the officials. Hence, this withdrawal of money from the accounts continued and the money was used to pay the Udaipur-based individual as hush money so that the whole act can be kept under wraps, said the report.
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