Senior citizens relieved as bank fixed deposit rates touch 8% after 3 years

At the peak of the pandemic, rates had dropped to as low as 5.5% due to excess liquidity in the banking system and many had locked into 2-3-year deposits to make the best in a depressed market. Now with some private banks offering 8% and public sector banks giving over 7.5%, savvy elders are looking at premature withdrawals to make fresh deposits at higher rates.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.