Falling FD rates set to hit 4 cr sr citizens hard ...Middle East

On Wednesday, SBI cut the FD rates for senior citizens for 1-2 years bracket to 6.9% from 7% while savings bank rate was cut to 3.25% from 3.5% for deposits of up to Rs 1 lakh. In such a scenario, say financial planners, senior citizens will have to take some risks and invest in marked-to-market products like debt funds.

Hence then, the article about falling fd rates set to hit 4 cr sr citizens hard was published today ( Wednesday 09/10/2019 - 11:20 PM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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