Interest rates are lowered by 0.5 % (by RBI) and most of the Banks have lowered the rates by about 0.5%. That's good for the borrowers.
But that's certainly NOT GOOD news for the depositors. Many Senior Citizens, with their retirement Corpus put in FDs with the Banks, will feel the heat of it. Their income will come down ! That's a worrisome matter for those with their money deposited.
The interest rates are likely to come down further. So, be cautious. Take necessary steps to protect your Funds, and try to maximise the returns.
But that's certainly NOT GOOD news for the depositors. Many Senior Citizens, with their retirement Corpus put in FDs with the Banks, will feel the heat of it. Their income will come down ! That's a worrisome matter for those with their money deposited.
The interest rates are likely to come down further. So, be cautious. Take necessary steps to protect your Funds, and try to maximise the returns.
No comments:
Post a Comment