A Good Time To Make Bank Fixed Deposits
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A Good Time To Make Bank Fixed Deposits

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Amrit Kumar could not ask for a better time to retire. Risk-averse, parked their savings FDs Banks. Six months ago, it was 8% per annum on deposits. However, after the public sector bank which has its interest rates several times revised Fixed Deposit, which earns 10%.

If he had chosen a private actors such as older Laxmi Vilas Bank Karur Vysya Bank 61 years or more could have won. Those Kumar, who has Rs 25-30 lakh in the framework decisions, unlike percentage points, means a lot. Earnings on these deposits were up Rs. 2.4 lakh a year, six months ago to nearly Rs 3 Lakh (before taxes) now.

Those who believe in FDs were not as good, especially when there is volatility in other assets. Most likely it would be a great prize, as the RBI is likely to increase interest rates. Experts say that the deposits are now offering a better return on deposits FPP or after work.

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Although this difference may be, there may be some advantages for applicants, since the demand for credit has slowed. "In addition, the RBI has imposed restrictions on banks to invest liquid assets. So there is less pressure, "PNB Chairman and MD KR Kamath said.

Source: [TOI]

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