The hydra-headed monster that wants to gatecrash your retirement party

Asia's Tech News Daily

The hydra-headed monster that wants to gatecrash your retirement party

Fixed deposits or FDs, the play-safe savings investment bet for many Indians, now fetch a negative return due to high inflation. That is, the interest you earn on your FD is lower compared to the rate at which prices, which translate into your expenditure, are rising. “The present average savings deposit rate offered by banks which is around 3.5 per cent and less than five per cent rate on one year deposit indicates a negative return, not even

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