Last week, the RBI has cut the Interest rates by 25 bp. As you rightly guessed, it benefits many, though not all.
But who loses ? Its we pensioners. Most of us have put some money in FDs , as a monthly income source. Reduction in interest rates now hurts the Pensioners. More to this woe, deposit rates could drop further. This will further hit the pensioners.
But who loses ? Its we pensioners. Most of us have put some money in FDs , as a monthly income source. Reduction in interest rates now hurts the Pensioners. More to this woe, deposit rates could drop further. This will further hit the pensioners.
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