Fixed Deposit Rates Down. Should you lock-in or look for Alternatives?

Fixed Deposit Rates

Fixed Deposit investment is considered by investors mainly because of its safety. There are various benefits that are attached to a fixed deposit, these include secured returns, earnings through interest, and tax exemption. Due to the demonetization, the fixed deposit has hit a major stumble block due to a falling rate of interest. However, the interest rates are reviving in the recent times. Among all the financial institutions there are only several Non-Banking Financial Companies (NBFCs) which are still offering a higher rate of interest to their customers. The banks…

Read More