News From Press Worried about falling FD rates? Try `pure’ liquid funds

Worried about falling FD rates? Try `pure’ liquid funds

The Economic Times Aug 22, 2020

The successive policy repo rate cuts by the Reserve Bank of India (RBI) since 2019 to support growth has left sections of the society nervous. The rate cuts are good news for the borrowers, but for depositors it means lower interest rates on their bank deposits. Bank Fixed Deposit (FD) rates have reduced considerably: from 8-10% per annum until a few years ago, interest rates offered on bank FDs today are around 5-7% per annum.

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