Savings protection, secure fund and secure investment Such products help you with protection, while aiding in wealth-building
It was about this time last year when the Reserve Bank of India reduced the repo rate by 75 bps (basis points) to 4.4% – a historic low – in an attempt to mitigate the economic impact due to the pandemic.
The announcement had a secular impact on most savings schemes with bank fixed deposits (FDs) being impacted the most. Soon after the cut, rates for savings schemes were also reduced.The rate of interest on bank fixed deposits have been declining, from […]
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