We must realise that the conventional mechanism to provide support by offering high small saving rates is problematic for numerous reasons
Senior citizens can time and align their FDs with the varying tenures offered by the bank and encash them accordingly
While lenders recover nearly one-third of their claims, small investors end up gaining less than one-fourth of their investments
Corporate FDs: It is very important for the depositor to check the rating and the financial health of the company before trusting it with the money
If you move from one organisation to another, you must get your PF account transferred as soon as possible
Many banks launched special FD schemes for senior citizens during the pandemic. The deadline to avail these schemes is June 30, 2021
Small savings schemes news updates: Interest rates were slashed between 240-300 basis points over 9 years on different schemes
Banks, NBFCs and other financial institutions offer simple and convenient fixed deposit schemes for senior citizens
One needs to have a right balance between equities and safe, interest-bearing instruments at the time of retirement
The rise in retail inflation poses a big challenge to the central bank. The debate on interest, growth and inflation will continue