Thursday, May 21, 2020

What RBI's rate cut means for loan EMIs, fixed deposit investors

The latest rate cut is likely to cause more heart ache for FD investors, especially senior citizens who are dependent on interest income. Post the last RBI's rate cut, the country's largest bank announced the reduction in FD interest rate by up to 50 bps.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2zZy8rD

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