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Investment options you can look at beyond fixed deposits when rates are low


Investment options you can look at beyond fixed deposits when rates are low
The gradual fall in FD rates has caused a lot of distress to depositors, especially senior citizens who park a large sum of their retirement corpus in ‘safer’ FDs to earn monthly income.
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Express News Service
NEW DELHI:  A five-year fixed deposit (FD) started in April 2016 would have fetched you 7% interest, but now if you want to reinvest the same amount in an FD, the bank would offer you a meagre 5.4% interest.
The gradual fall in FD rates has caused a lot of distress to depositors, especially senior citizens who park a large sum of their retirement corpus in ‘safer’ FDs to earn monthly income. ....

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