Interest rates on bank fixed deposits are likely to fall further because of the surplus liquidity that’s been pumped into the system after the demonetisation exercise.
Liquid and ultra short-term funds have emerged as a more viable alternative for parking the excess cash lying in bank savings accounts. These funds offer a much higher yield for investors. However, while bank fixed deposits (FD) offer instant liquidity to investors, liquid funds, until recently, took at least one business day to return investors’ money.
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